Petrus Resources Ltd T.PRQ

Alternate Symbol(s): PTRUF

Petrus Resources Ltd. is a Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has an inventory of low-risk oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. The Ferrier is a liquid rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties, located in the foothills of Alberta, are a more minor area for the Company. The Company is also evaluating Kakwa, an early-stage Dunvegan oil play, for potential further long term development.

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Petrus Resources Ltd > Discounted Rights Offer: 1 for 7.214653 plus $1.35 = 1 share

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Comment by Seppelton Mar 25, 2022 12:20am

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Post# 34544109

RE:RE:RE:RE:Discounted Rights Offer: 1 for 7.214653 plus $1.35 = 1 share

llerrad5 wrote: This will add about 7 million shares based on 50 mil O/S.
Less dillution than issuing new shares with warrants and $20 mil in the bank.

50 million was a year ago before restructuring. The current sharecount is about 110 million.

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