RE: Shares dillution can now beginLooks like they skip the 0.15 pp and go directly to .10 pp. Cotter likes to take a fast and easier route.
Westbridge arranges $400,000 private placement
2010-03-10 14:56 ET - News Release
Mr. Martin Cotter reports
WESTBRIDGE ANNOUNCES FINANCING
Westbridge Energy Corp. has arranged a non-brokered private placementfinancing of $400,000. The offering consists of units at 10 cents perunit. Each unit consists of one common share and one-half warrantentitling the holder to purchase one common share for each full warrantexercised at price of 12.5 cents per share for a period of 24 months.The proceeds will be used for general working capital.
The company continues to review various oil and gas exploration and development opportunities.