04:54:39 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Troy Energy Corp
Symbol TEG
Shares Issued 19,422,073
Close 2017-04-12 C$ 0.025
Market Cap C$ 485,552
Recent Sedar Documents

Troy Energy arranges $400,000 private placement

2017-04-25 11:17 ET - News Release

Mr. James Owen reports

TROY ENERGY CORP. ANNOUNCES PRIVATE PLACEMENT

Troy Energy Corp. intends to conduct a private placement financing of up to eight million common shares at a price of five cents per share for aggregate gross proceeds of $400,000. Also, the corporation will issue 1.2 million common shares at a deemed price of five cents per share in settlement of existing loans payable to an officer, a director and a shareholder in the total amount of $60,000. Both transactions are subject to regulatory approval. In accordance with applicable securities laws, the common shares issued under these issuances are subject to four-month hold periods. The proceeds from this private placement will be used for investigation of new projects and for general working capital purposes. Directors, officers and existing shareholders may participate in this private placement.

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