04:44:26 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Cerus Energy Group Ltd
Symbol CEA
Shares Issued 67,320,360
Close 2018-03-14 C$ 0.07
Market Cap C$ 4,712,425
Recent Sedar Documents

Cerus Energy arranges $2-million private placement

2018-04-09 11:42 ET - News Release

Mr. Mackenzie Loree reports

CERUS ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT

Cerus Energy Group Ltd. has arranged a non-brokered private placement of up to 10 million units at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit comprises one common share and one share purchase warrant at an exercise price of 35 cents per warrant. The warrants will have an expiration date 12 months from the date of issue of the units.

In addition to the company's operating and marketing budget, the company plans on using the proceeds of the offering for the following purposes:

  • Development of Northern Chronicultures' marijuana cultivation facility, located in Prince George, B.C.;
  • Prototyping and testing of the new El Rollo high-efficiency growing machines;
  • Rezoning and development of 320 acres of land toward jointly operated grow facilities.

The corporation may, as determined in its sole discretion, pay reasonable customary brokers' and/or finders' fees, as applicable, in connection with the completion of the offering. Closing will occur in one or more tranches at the sole discretion of the company. All securities issued pursuant to the offering will be subject to applicable resale restrictions and are subject to review and approval of the TSX Venture Exchange.

Cerus Energy Group Ltd.

Cerus is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.

We seek Safe Harbor.

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