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New Stratus Energy Announces Non-Brokered Private Placement and Investor Relations Agreement
(TheNewswire) Calgary, Alberta - TheNewswire - December 1 st ...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Non-Brokered Private Placement and Investor Relations Agreement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Calgary, Alberta -\n \n \n TheNewswire -\n \n \n December 1\n \n \n st\n \n \n , 2020 - New Stratus Energy Inc. (TSXV:NSE)\n \n \n (\"\n \n \n New Stratus\n \n \n \" or the \"\n \n \n Corporation\n \n \n \")\nannounces that it intends to complete a non-brokered private placement\nof up to 3,275,000 units of ?the Corporation (\"\n \n \n Units\n \n \n \") at $0.40\nper ?Unit for total gross proceeds of up to $1,310,000 (the\n??\"\n \n \n Offering\n \n \n \"). Each Unit will ?be comprised of one common share of\nthe Corporation (\"\n \n \n Common\nShare\n \n \n \") ?and ?one-half of one common share\npurchase warrant (\"\n \n \n Warrant\n \n \n \"), with each whole Warrant\nexercisable for ?one ?Common Share at an exercise price of $0.55 per\nCommon Share for a ?period of 24 months from the ?date of issuance of\nthe Warrant. Depending on market ?conditions, the Corporation reserves\nthe right ?to increase the maximum gross ?proceeds under the Offering,\nsubject to the approval of the TSX ?Venture Exchange (the\n??\"\n \n \n TSXV\n \n \n \").? ?\n \n \n \n \n The Corporation intends to use the net proceeds from\nthe Offering for exploration activities in its block ?VMM-18, the\nevaluation of other opportunities and general corporate purposes. The\nclosing of the ?Offering is subject to regulatory approval, ?including\nthe approval of the TSXV.?\n \n \n \n \n The Corporation also announces that it has retained the\nservices of Storyboard Communications Corp. (\"\n \n \n Storyboard\n \n \n \") to\n?provide investor relations services to the Corporation, subject to\napproval of the TSXV. Storyboard will initiate and maintain contact\nwith the financial community, shareholders, investors and ?other\nstakeholders for the purpose of increasing awareness of the\nCorporation and its activities. Storyboard provides corporate\ncommunications and technology solutions to public and private\ncompanies looking to maintain strong, transparent, and productive\nrelationships with their stakeholders and customers.?\n \n \n \n \n ?The investor relations agreement is for an initial\nterm of six months, which may be extended by agreement of ?the\nparties. Storyboard will be paid a monthly fee of $6,000 for the\nini...