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Bullboard - Stock Discussion Forum Journey Energy Inc JRNGF


Primary Symbol: T.JOY

Energy Oil & Gas E&P
Journey Energy Inc. is a Canada-based exploration and production company focused on conventional, oil-weighted operations in western Canada. The Company is engaged in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its strategy is to grow its production base by drilling on its existing core lands, implementing water flood projects... see more

TSX:JOY - Post Discussion

Journey Energy Inc > $10.5 Million "Bought Deal" Public Offering of Flow-Through
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Post by Betteryear2 on Feb 28, 2022 4:05pm

$10.5 Million "Bought Deal" Public Offering of Flow-Through

CALGARY, AB, Feb. 28, 2022 /CNW/ - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") announces that it has entered into an agreement with Acumen Capital Finance Partners Limited ("Acumen"), pursuant to which Acumen has agreed to purchase, on a "bought deal" basis, 2,480,000 common shares (the "Flow-Through Shares") of Journey to be issued as "flow-through shares" with respect to "Canadian development expenses" within the meaning of the Income Tax Act (Canada) and the regulations thereunder in force as of the date hereof (the "Tax Act") at a price (the "Offering Price") of $4.25 per Flow-Through Share, for gross proceeds to the Company of approximately $10.5 million (the "Offering").
Comment by pennydredful on Feb 28, 2022 4:55pm
3 pieces  are   available  1.  the   D  flow  thru  4.25   or   2.  the charity   flow thru   ie   you   buy  the D flow  thru  , seemlessly  donate to  the charity   ,  Getting  2  deductions  .  3.  buy   ...more  
Journey Energy Inc
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