- Canadian Spirit Resources (SPI) has closed its non-brokered private placement offering for aggregate gross proceeds of $1,050,000
- The company issued 20,000,000 units at a price of $0.0525 per unit
- All of the units issued were purchased by Elmag Investments Inc.
- Canadian Spirit Resources is a natural resource company
- Canadian Spirit Resources Inc. (SPI) is unchanged on the day, trading at C$0.07 per share at 3:30 pm EST
Canadian Spirit Resources (SPI) has closed its non-brokered private placement offering for aggregate gross proceeds of $1,050,000.
The company issued 20,000,000 units at a price of $0.0525 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of $0.08 for a period of two years.
All of the units issued under the offering were purchased by Elmag Investments Inc.
All the securities issued will be subject to a four-month restricted resale period.
The net proceeds will be used for various field activities and initiatives, and for general corporate purposes.
Canadian Spirit Resources is a natural resource company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry.
Canadian Spirit Resources Inc. (SPI) is unchanged on the day, trading at C$0.07 per share at 3:30 pm EST.