Analyst Research

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Provider: Reuters Investment Profile
Provider: Streetwise Reports
Provider: GlobalData
Provider: GlobalData

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CBM Asia Development Corp proceeds with C$3.8 million non-brokered private placement

Tuesday, 26 Nov 2013 04:15am EST 

CBM Asia Development Corp:Says it sold a total of 12,120,000 common shares at a price of C$0.10 per share for gross proceeds of C$1,212,000 under its C$5.0 million non-brokered private placement announced on July 26.Says is seeking to raise a further C$3.8 million on or before Dec. 31 through the sale of an additional 38,000,000 common shares at a price of C$0.10 per share.Says sale is to fund production wells and/or further exploration and development costs associated with its coalbed methane production sharing contracts in Indonesia as well as general corporate and working capital expenses. 

Company Quote

-0.0050 -33.33%
3 Jul 2014