- Silk Road Energy (SLK) announced a non-brokered private placement for gross proceeds of up to $100,000
- The company will issue each unit at $0.06
- Each flow-through unit will consist of one common share and one common share purchase warrant
- Silk Road engages in the exploration, development, and production of petroleum and natural gas assets in Alberta
- Silk Road Energy Inc. (SLK) opened trading at C$0.06 per share
Silk Road Energy (SLK) announced a non-brokered private placement for gross proceeds of up to $100,000.
The company will issue each unit at $0.06. Each flow-through unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at $0.12 per common share for 24 months following the issuance of warrants.
Silk Road intends to use the proceeds to incur Canadian Exploration Expenses and “flow-through mining expenditures.”
All securities issued will be subject to a statutory four-month hold period.
Silk Road engages in the exploration, development, and production of petroleum and natural gas assets in Alberta.
The company has signed an option agreement to acquire a 100 per cent interest in the Doran Lithium Property. The property is located 60 kilometres east of Green Technology Metals Inc.’s Root Lake Lithium Project, which is currently being developed for production. The Doran Lithium Property sits along the same terrane boundary fault structure as the Root Lake Lithium discovery.
The Doran property was found to contain elevated levels of lithium oxide in lake-bottom sediment samples. This is a positive criterion for the presence of lithium mineralization.
Silk Road Energy Inc. (SLK) opened trading at C$0.06 per share.