Ms. Lisa-Marie Iannitelli reports
SANTA MARIA PETROLEUM INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Santa Maria Petroleum Inc. has closed a non-brokered private placement offering of 30 million common shares at five cents per share for aggregate gross proceeds of $1.5-million.
The proceeds of the offering will be used to settle certain outstanding debt of the company and for general working capital purposes.
In connection with the offering, the company relied on Section 5.4 of the NEX policy, for which the company received conditional approval from the TSX Venture Exchange. The offering remains subject to final TSX Venture Exchange acceptance.
The common shares issued under offering are subject to a hold period expiring four months and day from the date here. Following this offering, the company now has 35,006,371 common shares issued and outstanding.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.