2023-06-14 07:59:14 ET
- G2 Energy ( OTCPK:GTGEF ) said on Wednesday that it is launching an up to C$7M non-brokered private placement financing of up to 14M units at $0.05 per unit.
- Each unit consists of one share and one share purchase warrant.
- Each warrant enables the holder to acquire one additional share at C$0.08.
- The proceeds are intended to be used to optimize production from current producing and idle wells on the Masten leases, potential new acquisitions, as well as for general working capital.
- The financing is anticipated to see participation from the oil and gas producer's insiders.
- Source: Press Release
For further details see:
G2 Energy launches up to C$7M private placement financing of units