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CruzSur Announces Private Placement
CruzSur Announces Private Placement Canada NewsWire VANCOUVER, March 20, 2020 ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n\n\n\nCruzSur Announces Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 20, 2020\n\n\n\nVANCOUVER, March 20, 2020 /CNW/ - CruzSur Energy Corp. (the \"Company\" or \"CruzSur\") (TSXV: CZR) announces that the Company is undertaking a non-brokered private placement of 2,000,000 units (each, a \"Unit\"), at a price of C$0.15 per Unit, for gross proceeds of C$300,000. Each Unit consists of one common share and one share purchase warrant (each, a \"Warrant\"), with each Warrant entitling the holder to purchase one additional share at a price of C$0.18 for a period of twenty four (24) months from the date of issuance. The placement is fully subscribed and is subject to TSXV Exchange approval. \nThe Company intends to use the proceeds to settle outstanding liabilities and general working capital.\nAbout CruzSur Energy Corp. CruzSur Energy Corp. is a publicly traded E&P company focused on proven oil & gas plays in Latin America. The Company holds a large diversified portfolio of producing, development and unexploited assets in Colombia and Argentina where it will leverage its amplitude of technical expertise and proven track record building companies and creating value.\nForward-Looking InformationExcept for the statements of historical fact, this news release contains \"forward-looking information\" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release.  The information in this news release about the completion of the operations described herein, and other forward-looking information includes but is not limited to information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms of such transaction.\nFactors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, risks related to the Company's inability to perform the proposed operations.\nThe forward-...