Coelacanth Energy Announces Completion of its $80 Million Bought Deal Financing
Summary
Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$1.05 (subject to adjustment in certain events) for a period of 12 months from the closing date of the Bought-Deal Financing.The Company intends to use the proceeds from the Bought-Deal Financing for the Two Rivers East project, including completion of the 5-19 pad, plus related infrastructure, and for general corporate purposes.This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "should", "believe", "intends", "forecast", "plans", "guidance" and similar expressions are intended to identify forward-looking statements or information.More particularly and without limitation, this document contains forward-looking statements and information relating to the anticipated use of proceeds from the Bought Deal Financing. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements and information contained in this document are made as of the date hereof for the purpose of providing the readers with the Companys expectations for the coming year. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187478