Canada: CBM Asia Updates on Non-Brokered Private Placement

CBM Asia Development said that it has sold a total of 12,120,000 common shares at a price of C$0.10 per share for gross proceeds of C$1,212,000 under its C$5.0 million non-brokered private placement announced on July 26.

Accordingly, the company is seeking to raise a further C$3.8 million on or before December 31, 2013 through the sale of an additional 38,000,000 common shares at a price of C$0.10 per share to fund production wells and/or further exploration and development costs associated with its coalbed methane production sharing contracts in Indonesia as well as general corporate and working capital expenses.

A finder’s fee of up to 6% cash and 5% finder’s warrants may be paid to eligible dealers and finders in connection with the offering. Each finder’s warrant will entitle the holder to purchase one common share of the company at a price of C$0.10 for a period of 12 months after closing.

LNG World News Staff, November 26, 2013

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >