TSXV:POG.H - Post by User
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Stock20on Aug 22, 2018 2:45pm
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Perisson Signs Global Farm-in Agreement with CNOG
Perisson Signs Global Farm-in Agreement with CNOGTook position but it is hard to believe pp announced for USD $50 Million at $1.0946 per share. Perisson Announces Memorandum of Understanding to Raise USD $50 Million Through an Equity Private Placement
Perisson Announces Memorandum of Understanding to Raise USD $50 Million Through an Equity Private Placement
Calgary, Alberta (FSCwire) - Perisson Petroleum Corporation (“Perisson” or the “Company”) (TSXV: POG) is pleased to announce that it has signed a Memorandum of Understanding (the “MOU”) with Lan Cheng Limited, a private investment fund (the “Fund”). Following the successful completion of due diligence by the Fund, which has been ongoing for several weeks, the Fund intends to purchase approximately 45,678,787 common shares of the Company at a price of USD $1.0946 per share, resulting in gross proceeds to the Company of USD $50 million (the “Financing”). Closing of the Financing is anticipated to occur over the next several weeks.
The shares issued in connection with the Financing will be subject to a four month hold period. The Financing is subject to the approval of the TSX Venture Exchange.