09:06:41 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Equitorial Exploration Corp
Symbol EXX
Shares Issued 37,477,933
Close 2015-07-29 C$ 0.105
Market Cap C$ 3,935,183
Recent Sedar Documents

Equitorial closes $270,000 first tranche of placement

2015-07-30 13:14 ET - News Release

Mr. Dean Pekeski reports

EQUITORIAL CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Equitorial Exploration Corp. has closed the first tranche of its non-brokered private placement of units of the company at a price of 10 cents per unit for gross proceeds of $270,000. Each unit consists of one common share of the company and one transferable share purchase warrant. Each warrant is exercisable to acquire one additional common share of the company for a period of five years at a price of 20 cents per common share.

In connection with closing the first tranche, the company paid a cash finder's fee of $25,000 to David Morgan.

All securities issued under the private placement will be subject to a four-month-and-a-day hold period from the date of issuance.

The proceeds of the private placement will be used for general working capital and to finance the company's various projects, as disclosed in the company's recent news releases.

The TSX Venture Exchange has granted the company a 30-day extension to close any additional tranches of the private placement.

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