Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/donnycreek-announces-private-placement-of-6-millio.shtmlDonnycreek announces private placement of $6 million of flow-through shares
Donnycreek Energy Inc. has engaged RBC Capital Markets in connection with a private placement offering (the "Offering"), on a
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Donnycreek Energy Inc. has engaged RBC Capital Markets in connection with a private placement offering (the "Offering"), on a guaranteed basis, of 2,500,000 common shares of the Company to be issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $2.40 per Flow-Through Share, resulting in gross proceeds of $6,000,000.
The gross proceeds of the Flow-Through Shares will be used by the Company to incur eligible Canadian exploration expenses ("Qualifying Expenditures") prior to December 31, 2014 on Donnycreek's properties. The Company will renounce the Qualifying Expenditures to subscribers of the Flow-Through Shares for the fiscal year ended December 31, 2013.
