GREY:PSLRF - Post by User
Post by
8675309Jennyon Dec 24, 2014 7:48pm
164 Views
Post# 23264693
Maha raises 9.2m dollars US.
Maha raises 9.2m dollars US.
December 16, 2014 Maha Energy Inc. is pleased to announce the completion of a private placement of shares during November and December, 2014 for a total of USD 9,222,634. The financing was completed in the Scandinavian equity markets at a price of $1.25 per unit. Each unit consists of one common share and one quarter of one share purchase warrant of the Company. Each warrant is exercisable into a further common share at a price of US$1.75 for a term of two years. The proceeds of the financing will be used to continue fund the Company’s development plan for the LAK Ranch and its’ Canadian assets along with general M&A activities