Mr. Jagdip Bal reports
UMBRAL ANNOUNCES INCREASE TO PRIVATE PLACEMENT DUE TO SIGNIFICANT INTEREST
Umbral Energy Corp., due to investor demand, is increasing the maximum amount to be raised under its previously announced non-brokered private placement of units to $2,622,000.
The offering will now consist of the sale of up to 43.7 million units at a purchase price of six cents per unit with each unit consisting of one common share in the capital of the company and one share purchase warrant. Each full warrant will entitle the holder to purchase one additional share for a period of two years from the closing date, at a purchase price of 10 cents per share.
The offering is expected to close on or about Aug. 28, 2017. Please see the company's press
release dated July 14, 2017, for further details regarding the offering.
We seek Safe Harbor.
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