Business
Placement Completed in Accordance with Terms of Notice of Offer of November 22, 2005
Placement Completed in Accordance with Terms of Notice of Offer of November 22, 2005.
About this update from Cavvy Energy Ltd
[{"type":"text","content":"\n\n\n\n\nRIMOUSKI, March 24 /CNW Telbec/ - In accordance with its notice of offer\nof November 22, 2005, PDetrolia (PEA: TSX - V) has completed the sale of \"B\"\nunits still available by issuing 447,440 common shares at the price of $0.38\nper share for a total of $170,000. These shares and warrants were locked up\nuntil July 21, 2006. Each warrant will allow the holder to purchase one\nPDetrolia share at a price of $0.48 per share until June 30, 2006 and $0.55 per\nshare until September 30. Moreover, 25,004 broker's warrants were issued, each\none giving the right to subscribe to one common share at the price of $0.38\nuntil December 30, 2007.\n\nProfit on the placement will be used by the Company's rolling funds.\n\nThrough this placement, the Company now has a total of 26,788,020 shares\nissued.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\n\n","length":973,"tagName":"div"}]