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Silk Road Energy Inc. Announces $1 Million Private Placement
Calgary, Alberta--(Newsfile Corp. - October 18, 2021) - Silk Road Energy Inc. (TSXV: SLK.H) ("...
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[{"type":"text","content":"Silk Road Energy Inc. Announces $1 Million Private PlacementCalgary, Alberta--(Newsfile Corp. - October 18, 2021) - Silk Road Energy Inc. (TSXV: SLK.H) (\"Silk Road\" or the \"Company\") is pleased to announce a non-brokered private placement of units of the Company (\"Units\") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the \"Offering\"). Each Unit will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to acquire a Common Share at $0.15 per Common Share for twenty-four (24) months following the issuance of Warrants.The net proceeds from the Offering shall be primarily used for working capital and general and administrative expenses. The Offering is expected to close on or about November 8, 2021.The Offering is conditional upon receipt of required regulatory approvals, including the approval of the TSX Venture Exchange and the NEX Board. The securities issued pursuant to the Offering, as well as any compensation options issued to finders, will be subject to four months and a day statutory hold period in accordance with applicable Canadian securities laws.For further information please contact:Silk Road Energy Inc.Michael Judson, DirectorTelephone: 514-865-5496Website: www.silkroadenergyinc.comCautionary StatementsThis news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as \"expects\", or \"does not expect\", \"is expected\", \"anticipates\" or \"does not anticipate\", \"plans\", \"budget\", \"scheduled\", \"forecasts\", \"estimates\", \"believes\", an or \"intends\" or variations of such words and phrases or stating that certain actions, events or results \"may\" or \"could\", \"would\" , \"might\" or \"will\" be taken to occur or be achieved) are not statements of h...