Bullboard - Stock Discussion Forum Saturn Oil & Gas Inc T.SOIL

Alternate Symbol(s): OILSF | T.SOIL.WT.A

Energy Oil & Gas E&P

Saturn Oil & Gas Inc. is a Canada-based resource company. The Company is engaged in the business of acquisition, exploration and development of petroleum and natural gas resource deposits in Western Canada. It focuses on advancing the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It also focuses on the development of light oil weighted assets in... see more

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TSX:SOIL - Post Discussion

Saturn Oil & Gas Inc > Upsize to Bought Public Offering

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Post by Betteryear2 on Feb 18, 2022 11:55am

Upsize to Bought Public Offering

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/

CALGARY, AB, Feb. 18, 2022 /CNW/ - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that it has amended the terms of its previously announced offering of Units (as defined below). Under the amended terms of the Bought Public Offering (as defined below), a syndicate of underwriters led by Echelon Capital Markets (the "Underwriters") have agreed to purchase 5,340,000 Units (the "Units") from the treasury of the Company, at a price of $3.00 per Unit (the "Issue Price") and offer them to the public by way of short-form prospectus for total gross proceeds of $16,020,000 (the "Bought Public Offering").