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Enter Symbol
or Name
USA
CA



Super Nova closes third tranche of private placement

2014-09-16 19:04 ET - News Release

Mr. Wolf Wiese reports

SUPER NOVA PETROLEUM CORP.: CLOSING OF PRIVATE PLACEMENT OF 1,791,474 UNITS AT $0.05

Super Nova Petroleum Corp. has closed the third tranche of a non-brokered private placement financing pursuant to which it has issued 791,500 units at five Canadian cents per unit for total gross proceeds of $39,575 and 999,974 units at five U.S. cents per unit for gross proceeds of $49,998.70 (U.S.). Each unit comprises one common share and one three-year common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of 7.5 Canadian cents per share during the first year, 10 Canadian cents during the second year and 12.5 Canadian cents per share during the last year of the exercise period. Proceeds from this financing will be used for general working capital. No related party of the company participated in the private placement and no finder's fee was paid.

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