Wednesday, April 12, 2017 8:44:52 AM
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.
https://finance.yahoo.com/news/molori-energy-plans-drill-red-125600583.html
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