16:11:09 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Nesscap Energy Inc
Symbol NCE
Shares Issued 226,632,592
Close 2014-12-18 C$ 0.095
Market Cap C$ 21,530,096
Recent Sedar Documents

Nesscap Energy closes $1-million (U.S.) note financing

2014-12-22 18:54 ET - News Release

Mr. Jim Zuidema reports

NESSCAP ANNOUNCES COMPLETION OF US $1 MILLION CONVERTIBLE NOTE FINANCING

Nesscap Energy Inc. has completed a non-brokered private placement of a $1-million (U.S.) convertible note with I2BF Energy Ltd. The proceeds of the offering will be used for working capital.

The offering constitutes the second tranche of the bridge financing previously announced on April 8, 2014. The offering was made on the following terms and conditions: (i) the note has a maturity date of April 1, 2015; (ii) the conversion price is 10 cents per common share; and (iii) the interest rate is 10 per cent per year. The note is also unsecured and ranks equally with other unsecured creditors of Nesscap. Nesscap can prepay the outstanding principal and interest on the note, in whole or in part, at any time without premium or penalty.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.