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Primeline Energy Holdings Inc announces agreement for brokered private placement

Friday, 13 Dec 2013 10:10am EST 

Primeline Energy Holdings Inc's:Says it has entered into an engagement letter for a brokered private placement of up to 12,727,273 units at $0.55 per Unit on a best efforts basis with D&D Securities Inc. (Agent).Says each Unit will consist of one common share and one-half of one warrant.Says agent will be paid a cash commission of 7% of the gross proceeds of the Private Placement and will be issued Agents' Warrants exercisable to purchase a number of common shares equal to 8% of the number of Units sold at a price of $0.55 per share for two years from the date of issue. 

Company Quote

30 Oct 2014