amazing that someone would dump on this news???
Petroforte completes $15,000 private placement
2013-01-18 15:34 PT - News Release
Mr. Allan King reports
PETROFORTE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OFFERING
Petroforte International Ltd. has closed a non-brokered private placement offering. The corporation issued 300,000 equity units for gross consideration of $15,000. The offering consisted of 300,000 units at a price of five cents per unit, with each unit consisting of one common share of the corporation and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the corporation at 10 cents for a period of 24 months from the issuance of the warrant.
The proceeds from the offering will be used toward the corporation's proposed general corporate purposes. The offering is subject to approval by the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month hold period.