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Jadela Oil Corp. Announces Private Placement
Jadela Oil Corp. Announces Private Placement Calgary, Alberta CANADA, January 16, 2014 /FSC...
About this update from Decimus Oil Corp.
[{"type":"text","content":"Jadela Oil Corp. Announces Private PlacementJadela Oil Corp. Announces Private Placement\n\nCalgary, Alberta CANADA, January 16, 2014 /FSC/ - Jadela Oil Corp.(\"Jadela\" or \"Corporation\") (TSXV: JOC) wishes to announce a proposed non-brokered private placement of up to 3,000,000 units at a price $0.06 per unit for gross proceeds of up to $180,000.  Each unit will be comprised of one common share in the capital of Jadela and one common share purchase warrant.  Each warrant will entitle the holder to purchase one common share at a price of $0.09 per common share exercisable no later than the earlier of: (a) the date that is two years from the date of issuance of such warrant; or (b) should the volume weighted average closing price of the Corporation's common shares, as traded on the Exchange, exceed $0.15 per common share for more than 10 consecutive trading days following the date that is four (4) months and one (1) day after the closing date, the Corporation may accelerate the warrant exercise period to a date which is twenty (20) calendar days following the date of a press release is issued by the Corporation announcing the reduced warrant exercise period.  All of the securities issued under the private placement will be subject to a four month resale restriction and will contain a legend which will detail the resale restriction.  There is no minimum under the private placement and Jadela may close the offering in several tranches, however, the private placement must be concluded by March 3, 2014. \n\nIn connection with this private placement, Jadela will pay cash finder's fees equal to 10% of the funds raised to eligible finders who introduce subscribers to the private placement and issue one finder's fee warrant for every 10 units issued to such subscribers.  Each finder's fee warrant will be issued to finders on the same terms as the warrants comprising the units.  The offering is subject to approval from the TSX Venture Exchange.  \n\nAbout Jadela\n\nJadela is a junior oil and gas exploration company.  For further information, please contact:\n\nGregory J. Leia, President and CEO\t\nJadela Oil Corp.\nSuite 203 - 221 - 10th Avenue SE\nCalgary Alberta  T2G 0V9\nT: (403) 873-8166\nE: [email protected]\nWebsite: www.jadelaoil.com ...