- Altima Resources (ARH) has closed the second tranche of its private placement for gross proceeds of $195,000
- Under the second tranche, the company issued 3,900,000 units at $0.05 per unit
- Under the first tranche, the company issued 6,100,000 units for $0.05 per unit
- Altima Resources (ARH) is a junior energy company engaged in the exploration and development of petroleum and natural gas in Canada
- Altima Resources (ARH) opened trading at C$0.04
Altima Resources (ARH) has closed the second tranche of its previously-announced private placement for gross proceeds of $195,000.
Under the second tranche, the company issued 3,900,000 units at $0.05 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.075 per share on or before December 2, 2023.
Proceeds will be used for the development of the company’s oil and gas operations and general working capital.
Under the first tranche, the company issued 6,100,000 units for $0.05 per unit.
All securities issued are subject to a statutory four-month hold period.
Altima Resources is a junior energy company engaged in the exploration and development of petroleum and natural gas in Canada.
Altima Resources (ARH) opened trading at C$0.04.