- G2 Energy (GTOO) has announced a US$1,000,000 non-brokered convertible debenture private placement financing.
- The debentures carry an annual interest rate of 12 per cent, payable every six months
- Each debenture may be exercised for a common share at $0.10 for the first year
- Vancouver-based G2 Energy is focused on developing opportunities in the energy sector
- G2 Energy Corp. (GTOO) is down 7.14 per cent, trading at C$0.065 per share at 11:45 am ET
G2 Energy (GTOO) has announced a US$1,000,000 non-brokered convertible debenture private placement financing.
Terms of the financing:
- Private Placement amount: US$1,000,000
- Maturity date: 24 months
- Interest: 12 per cent per annum, payable every six months
- Conversion price: C$0.10 first 12 months, C$0.20 second 12 months
Vancouver-based G2 Energy Corp. is focused on developing opportunities in the energy sector. A partnership between G2 and Caltron Oil Pty Ltd. (Caltron) has been formed to acquire onshore oil fields in California.
G2 Energy Corp. (GTOO) is down 7.14 per cent, trading at C$0.065 per share at 11:45 am ET.