- Silk Road Energy (SLK.H) has announced a non-brokered private placement that will provide funds for working capital and general expenses
- The private placement will offer units of the company for $0.10 per unit for gross proceeds of up to $1 million
- The offering is conditional upon necessary approvals from the TSX Venture Exchange and the NEX Board, and is expected to close around November 8, 2021
- Silk Road Energy is an Alberta energy company that is engaged in the exploration, development, and production of petroleum and natural gas assets
- Silk Road Energy Inc. (SLK.H) is currently down 18.75 per cent, trading at $0.065 per share
Silk Road Energy (SLK.H) has announced a non-brokered private placement that will provide funds for working capital and general expenses.
The private placement will offer units of the company for $0.10 per unit for gross proceeds of up to $1 million.
Each unit will consist of one common share and one purchase warrant, which will entitle the holder to acquire a common share at $0.15 per share for up to two years after they are issued.
The offering is conditional upon necessary approvals from the TSX Venture Exchange and the NEX Board and is expected to close around November 8, 2021.
Silk Road Energy is an Alberta energy company that is engaged in the exploration, development, and production of petroleum and natural gas assets.
The company conducts oil and gas production activities through jointly controlled operations.
The securities issued pursuant to the offering, as well as any compensation options issued to finders, will be subject to four months and a day statutory hold period in accordance with applicable Canadian securities laws.
Silk Road Energy Inc. (SLK.H) is currently down 18.75 per cent, trading at $0.065 per share as of 10:45 am ET.