Samoth Oilfield Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Samoth Oilfield Inc Announces Private Placement
Samoth Oilfield Inc announced that a non-brokered private placement for gross proceeds of up to $500,000 (the Private Placement). Pursuant to the Private Placement, which is subject to acceptance by the TSX Venture Exchange, Samoth intends to issue, pursuant to applicable exemptions from registration and prospectus requirements of Canadian securities laws, up to 10,000,000 Common Share Units (the "Units) at a price of $0.05 per Unit. Each Unit is comprised of one Common Share and one Common Share Purchase Warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share of Samoth at an exercise price of $0.05 for a period of two (2) years from the date of issuance of the Units. The proceeds from the Private Placement will be used for the purposes of potential asset acquisition(s), reserves evaluation and for general working capital.
Latest Key Developments in Oil
- Pacific Rubiales Energy Corp commences purchase of common shares under its normal course issuer bid
- Galilee Energy Ltd receives takeover offer from Mercantile Investment Company Ltd's Olympus Funds Management Pty Ltd
- Sunshine Oilsands Ltd announces first closing of private placement financing of HK$336 mln of common shares and warrants and senior management changes
- Triangle Petroleum Corp raises Q4 2014 production guidance
- Share this
- Digg this