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Western Atlas Resources announces an update on its Non- brokered Private Placement
Western Atlas Resources announces an update on its Non- brokered Private Placement ...
About this update from Seasif Exploration Inc.
[{"type":"text","content":"\n\n\n\nWestern Atlas Resources announces an update on its Non- brokered 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 14, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ \n VANCOUVER, BC, July 14, 2020 /CNW/ - Western Atlas Resources Inc. (\"Western Atlas\" or the \"Company\") (TSXV: WA), is pleased to announce that it is increasing the size of its non-brokered placement announced July 8, 2020 from $2,000,000 to up to $3,500,000 in a mix of flow-through (\"FT\") and non-flow through (\"NFT\") units (the \"Units\"), with Gran Colombia Gold Corp. (\"Gran Colombia\") (TSX: GCM) purchasing NFT Units for proceeds of C$1,400,000.\n\n \n \n \n \n \n \n\n \nThe private placement consists of the sale of flow-through units and non-flow-through units at a price of 10 cents. The flow-through units will consist of one flow-through common share and one-half of one non-flow-through common share purchase warrant, with each whole warrant exercisable for one additional Western Atlas share at a price of 15 cents for a period of two years from the closing of the private placement.\nThe non-flow-through units will consist of one non-flow-through common share and one non-flow-through common share purchase warrant, with each whole warrant exercisable for one additional Western Atlas share at a price of 15 cents for a period of two years from the closing of the private placement.\nWestern Atlas may accelerate the expiry date of the warrants after one-year-and-a-half has elapsed from the closing in the event the common shares have a closing price on the TSX Venture Exchange (or such other exchange on which the common shares may be traded at such time) of greater than 18 cents per share for a period of 20 consecutive trading days, by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after the date on which such notice is given to the holders by Western Atlas, which notice shall be deemed to have b...