Text Size:
A | A

Mooncor Oil & Gas, Pinetree Capital Enter Securities Purchase Agreement

Text Size: A | A
March 31, 2014

Mooncor Oil & Gas Corp. (TSXV: MOO.V) and Pinetree Capital Ltd. entered into a securities purchase agreement, Mooncor said March 26.

Pursuant to the agreement’s terms, Pinetree agreed to subscribe for 10 million of Mooncor’s common units priced at five cents each, Mooncor said, adding that the units will be comprised of one common share of Mooncor and one share purchase warrant.

The share purchase warrants will allow one common share to be bought at 10 cents for two years from the offer’s date of issuance, the company added.

Mooncor ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription