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Canadian Spirit Resources Inc announces private placements


Monday, 2 Dec 2013 06:00am EST 

Canadian Spirit Resources Inc:Says it is proposing to undertake, subject two concurrent non-brokered private placements.Says one placement will be up to 13.3 mln units (Units) at a price of C$0.30 per Unit for total gross proceeds of up to C$4.0 mln.Says the second placement will be up to 42.1 mln common shares of the Corporation on a flow-through basis at a price of C$0.34 per share for total gross proceeds of up to C$14.3 mln.Says the placement of Units is expected to close on or about Dec. 6 and Dec. 20.Says the net proceeds of the proposed private placements will be used to further the Corporation's planned Montney drilling program and tie-in at Farrell Creek, British Columbia and for general corporate purposes. 

Company Quote

0.45
-0.025 -5.26%
11 Jul 2014