PetroWorth Closes Tranche 1 of Private Placement Financing
PetroWorth Resources Inc. (CNSX:PTW) (FRANKFURT:T3F) announced that it has closed the first tranche of a non-brokered private placement financing.
The press release is quoted as saying:
Under the first tranche, PetroWorth has issued 6,180,000 units consisting of 5,000,000 “flow-through” common shares (“FT Shares”) at a price of $0.20 per FT Share and 1,180,000 common shares at a price of $0.18 per share for gross proceeds of $1,212,400. Each unit also consists of one warrant, which can be exercised to acquire one common share at $0.30 per share for a period of 24 months from the closing date of the financing.
Click here to access the entire press release
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Wed, Jun 30, 2010
Post by Mike Rodger, Oil Reporter