Business

Mountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million

Mountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million.

articleMountainview EnergyOctober 6, 20145/company/mountainview-energy-ltd/news/mountainview-energy-ltd-announces-equity-offering-for-proceeds-up-to-dollar25-million
Mountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million

About this update from Mountainview Energy

[{"type":"text","content":"\n\n\n\nMountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nMountainview Energy Ltd. announces Equity Offering for proceeds up to $25 million\nCanada NewsWire\nCUT BANK, MT, Oct. 6, 2014\n\n\n\n\nCUT BANK, MT, Oct. 6, 2014 /CNW/ - Mountainview Energy Ltd.\n (\"Mountainview\" or the \"Corporation\") is pleased to announce that its\n board of directors has approved a private placement through an agent\n (the \"Agent\"), pursuant to which the Agent will offer for sale up to\n units of the Corporation (\"Units\") for aggregate gross proceeds of up\n to $25 million, or such greater amount as may be determined by\n Mountainview (the \"Offering\").  Each Unit will consist of one common\n share of Mountainview at a price to be determined in the context of the\n market (each, a \"Common Share\") and one-half of one Common Share\n purchase warrant (each full such warrant, a \"Warrant\"), which shall\n entitle the holder thereof to purchase one Common Share at a price to\n be determined in the context of the market for a period of 24 months\n following the closing date of the Private Placement.\n\n\nThe Offering is expected to close on or about November 1, 2014. The net\n proceeds from the Offering will be used by the Company for further\n development of the Company's drilling program on its 12 Gage project in\n the Williston Basin, for general corporate and working capital purposes\n and to repay indebtedness.\n\n\nPursuant to a...

More updates from Mountainview Energy