M2 Communications ”EquityBites ”
8 November 2020 - TD Securities has helped the USD12.9m ( EUR9.2m ) common and flow-through shares placement of Oilsands Quest (AMEX:BQI), the Canadian oil and gas company said Friday after the close of the transaction.
The company issued 20.8m common shares at USD0.45 apiece, worth some USD9.4m , as well as 7.1m flow-through stock at CAD0.513 ( USD0.512 / EUR0.367 ) for gross proceeds of CAD3.7m .
The size was raised from the original USD12.2m offering and the money will be spent on winter drilling at up to 10 wells in Wallace Creek and for general corporate purposes, Oilsands Quest added.
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Source http://bit.ly/9QAI2P
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