Agoracom: Small Cap Investment - Saturn Oil & Gas Inc. - TSXV-Listed Saturn Oil & Gas Seeks Up To $5 Mln In Brokered Sale Of Flow Though and Common Shares

Advancing a portfolio of coal & oil projects in Saskatchewan and Manitoba

Company has made the thickest coal seam intersections ever encountered in Canada at 88 metres

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TSXV-Listed Saturn Oil & Gas Seeks Up To $5 Mln In Brokered Sale Of Flow Though and Common Shares

posted on Jun 13, 2018 10:38PM

2018-06-13 04:07:53 PM ET (MT Newswires)

04:07 PM EDT, 06/13/2018 (MT Newswires) -- Saturn Oil & Gas (SMI.V) said Wednesday it expects to raise as much as $5 million through a brokered sale of flow-through shares and common share units.

The company said Gravitas Securities and Canaccord Genuity will act as agents to sell 12.5 million flow-through shares priced at $0.12 and 29.17 million common share units, also priced at $0.12 which also include a two-year warrant to purchase a second share for $0.18 . It expects proceeds of between $3.5 million and $5 million from the sale.

Saturn shares closed unchanged at $0.125 on the Toronto Stock Exchange

Price: 0.13, Change: 0.00, Percent Change: 0.00

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