Business
Madalena Announces Closing of Financings for Gross Proceeds of $7.25 Million
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATE...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\n/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO\n ANY UNITED STATES NEWS SERVICES. ANY FAILURE TO COMPLY WITH THIS\n RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\n\nCALGARY, July 11, 2013 /CNW/ - Madalena Ventures Inc. (the \"Company\" or \"Madalena\") (TSX VENTURE: MVN) is pleased to announce that it has closed its\n previously announced private placement financings for aggregate gross\n proceeds of approximately $7.25 million through the issuance of:\n\n\n\n\n\n(a)       \n\n\n11,765,000 common shares issued as CEE \"flow-through shares\" within the\n meaning of the Income Tax Act (Canada) at a price of $0.34 per share for gross proceeds of $4.00\n million (the \"Brokered Private Placement\") by way of \"bought deal\" private placement, pursuant to an\n underwriting agreement between Dundee Securities Ltd.; and\n\n \n \n\n(b)\n\n\n(i) 200,000 common shares at a price of $0.31 per share; (ii) 4,780,000\n common shares issued as CDE \"flow-through shares\" within the meaning of\n the Income Tax Act (Canada) at a price of $0.32 per share; and (iii) 4,886,765 common\n shares issued as CEE \"flow-through shares\" within the meaning of the Income Tax Act (Canada) at a price of $0.34 per share (collectively, the \"Non-Brokered Private Placement\") for gross proceeds of $3.25 million. and together with the Brokered\n Private Placement, the \"Private Placement\").\n\n\n\n\n\nThe Company paid fees for certain subscriptions under the Private\n Placement.\n\n\nCertain directors and officers of Madalena acquired an aggregate of\n 200,000 common shares and 400,000 CEE \"flow-through\" shares under the\n Non-Brokered Private Placement.\n\n\nThe shares issued pursuant to the Private Placement are subject to a\n four month hold period, which expires on November 12, 2013.\n\n\nAbout Madalena - Domestic and International Assets\n\n\nMadalena is an independent, Canadian-based, domestic and international\n upstream oil and gas company whose main business activities include\n exploration, development and production of crude oil, natural gas\n liquids and natural gas.\n\n\nDomestically, Madalena's core area of operations is located in the\n Greater Paddle River area of west-central Alberta where the Company\n holds approximately 200 gross (>150 net) sec...