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Shoal Point Energy Ltd (SHP.CD)

SHP.CD on Canadian Securities Exchange

18 Sep 2017
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Shoal Point Energy Announces Closing of Private Placement
Monday, 14 Mar 2016 02:39pm EDT 

Shoal Point Energy Ltd:closing of the company's previously announced (August 13, 2015) non-brokered Private Placement. The private placement closed in three tranches (August 21 2015, October 26 2015 and March 14 2016) for a total of 67,000,000 Units for gross proceeds of $335,000.00.Each unit, priced at $.005 per Unit, consisted of one share and one share purchase warrant.Each full warrant is exercisable at a strike price of $0.05 with an expiry on the fifth anniversary of the date of closing of the transaction.These proceeds will be used for general working capital.  Full Article

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