GREY:SDRYF - Post by User
Comment by
ABOilon Jan 25, 2017 3:18pm
151 Views
Post# 25754561
RE:Acquisition and Financing - FYI
RE:Acquisition and Financing - FYIIf anyone cares, here are some details on the financing.
https://www.sdxenergy.com/~/media/files/s/seadragon-corp/disclaimer-doc/elton-placing-results-announcement.pdf
Pursuant to the Fundraising, MEA Energy Investment Company Limited has conditionally subscribed for 15,419,437 new Common Shares at the Placing Price. Following completion of the Fundraising, MEA Energy Investment Company Limited will hold 26,919,437 Common Shares, which will represent approximately 14.40 per cent. of the enlarged issued share capital of the Company. Ingalls & Snyder LLC has also conditionally subscribed for 15,600,000 new Common Shares at the Placing Price. Following completion of the Fundraising, Ingalls & Snyder LLC will hold 27,144,902 Common Shares, which will represent approximately 14.52 per cent. of the enlarged issued share capital of the Company.