Petro Viking Energy Completes $2.5 Million Private Placement
Calgary, Alberta -- September 21, 2021 -- NewsGenie -- Petro Viking Energy Inc. (CSE:VIK) has announced the successful closing of a non-brokered private placement, raising gross proceeds of $2,500,000. The Offering consisted of 10,000,000 Units at $0.25 each, with each Unit including one common share and one-half warrant. Each full warrant allows the holder to purchase an additional common share at $0.35 for 24 months.
All securities issued under this Offering are subject to a four-month hold period. Petro Viking intends to use the proceeds for general working capital purposes.
The company paid finders\u2019 fees of $151,580 in cash and issued 368,800 compensation warrants. Each compensation warrant is exercisable into one common share at $0.35 until September 13, 2023.
Petro Viking Energy Inc. is an Alberta-based energy company focused on petroleum and natural gas exploration and development in western Canada. The company aims to be a low-cost Carbon Neutral Energy Producer by applying geological, geophysical, engineering, and production techniques. Petro Viking intends to become an integrated energy company.
Leonard Van Betuw, President and CEO, represents Petro Viking. Further inquiries can be directed to Lars Glimhagen, CFO, or Peter Nesveda, VP of Corporate Affairs and Investor Relations.
Forward-Looking Statements Disclaimer: This release contains forward-looking statements subject to risks, uncertainties, and other factors. The Company does not undertake any obligation to update forward-looking statements except as required by applicable laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.