Twin Butte Energy Ltd. (TO: TBE.TO) priced an offering of 1.8 million common shares at $1.80 per common share, the company said July 2.
Twin Butte expects total gross proceeds of up to CA$3.3 million from the private placement. Net proceeds will support general corporate purposes, the company said.
The offer is scheduled to close on July 8, Twin noted.
Calgary, Alberta-based Twin Butte Energy Ltd. focuses on medium and heavy oil in the greater Lloydminster and Provost areas along the Alberta and Saskatchewan border. ...