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Bullboard - Stock Discussion Forum
Centric Energy Corp
V.CTE
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TSXV:CTE - Post Discussion
Centric Energy Corp
> Financing
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•••
CNVCM
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Post by
CNVCM
on Oct 05, 2010 12:15pm
Financing
Anybody hear that they are doing a big financing? I'm hearing $10 million. Can anyone confirm?
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•••
diognees
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Comment by
diognees
on Oct 05, 2010 1:18pm
Find that hard to believe If they tried to do a $10 mil financing at these prices they would be lucky to do it at .20ergo it would mean issuing 50 million shares plus 25 mil WTSBe more prudent for them to wait until after the Court Hearing, which will hopefully be decided in their favor, and then do the first traunch of financing at higher prices.All that would be available down here
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Irulecrap
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Comment by
Irulecrap
on Oct 05, 2010 2:14pm
Try to keep up. They have all the money they need until drilling starts and that won't happen until next year. Even then they will only need $6 million.Centric Energy has 18.75 million warrants exercised2010-09-15 16:37 ET - News ReleaseMr. Alec Robinson reportsCENTRIC ENERGY COMPLETES WARRANT EXERCISEFurther to a Stockwatch press release dated Aug. 23, 2010, givingnotice of the
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