- Oceanic Wind Energy (NKW.H) has announced its intention to complete a non-brokered private placement
- The company will offer a maximum of 2,068,965 units at $0.145 per unit for gross proceeds of up to $300,000
- Proceeds will be used to support Northland Power Inc. in their work to obtain a PPA for the offshore wind project in Hecate Strait
- Oceanic Wind Energy Inc engages in the development of renewable energy projects
- Oceanic Wind Energy Inc. (NKW.H) is up 3.45 per cent, trading at C$0.15 per share at 12:30 pm ET
Oceanic Wind Energy (NKW.H) has announced its intention to complete a non-brokered private placement.
The company will offer a maximum of 2,068,965 units at $0.145 per unit for gross proceeds of up to $300,000.
Each unit shall consist of one common share and one common share purchase warrant. Each warrant will be exercisable for one share at a price of $0.20 for a period of one year from the date of issuance.
Proceeds will be used for general corporate purposes, working capital and to support Northland Power Inc. in their work to obtain a PPA for the offshore wind project in Hecate Strait.
A finder’s fee may be paid.
Completion of the Offering remains subject to the approval of the Exchange. All securities issued will be subject to a four-month plus one-day statutory hold period.
Oceanic Wind Energy Inc. (NKW.H) is up 3.45 per cent, trading at C$0.15 per share at 12:30 pm ET.
