TAAT Global Alternatives Inc. (TOBAF)

[BCNstocks]

$MOLOF >> Joel Dumaresq, CEO of Molori commented, "As evidenced by the recently-disclosed NI 51-101 reserve report (see press release dated March 13, 2017), the Molori and Ponderosa partnership has increased P1 reserves to approximately USD $27 million while at the same time successfully re-working over 70 wells and improving daily production to an average of approximately 380 BOEPD. We fully intend to invest further in building reserves and production, with the goal of reaching our stated near-term production goal of 1,000 BOEPD by this time next year."

Molori holds a 25% working interest in certain leases owned by Borger, Texas based Ponderosa Energy, LLC.

Nice low float on $MOLOF...

She is trading nicely this morning...maybe some consolidation?

The company further announces a non-brokered private placement offering (the "Private Placement") of up to 7,000,000 units ("Units") at a price of $0.30 per Unit to raise aggregate gross proceeds of up to $2,100,000. Each Unit will be comprised of one common share and half common share purchase warrant. Each full warrant gives the holder the right to purchase one additional common share of Molori at an exercise price of $0.50 for two years following the closing of the Private Placement. Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.