Sea Dragon Energy Inc. Announces $10 Million Underwritten Private Placement
Equity Financing
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In addition, the Underwriters will be entitled to an option (the "Over-Allotment Option"), exercisable in whole or in part at the sole discretion of the Underwriters to purchase up to an additional 20,000,000 Units for additional gross proceeds of up to
The net proceeds from the Offering will be used to fund the Corporation's previously announced acquisition of Premier
Completion of the private placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the
For further information please see the website of the Company at www.seadragon.ca or the Company's filed documents at www.sedar.com.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading Risk Factors and elsewhere in the Company's filings with Canadian securities regulators. The Company does not assume any obligation to update any forward-looking statements, save and expect as may be required by applicable securities laws.
Sea Dragon is an international exploration and development company with a focus on the
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information: Sea Dragon Energy Inc., David Thompson, Senior Vice-President, (403) 457-5035; or Sea Dragon Energy Inc., Cameron Dow, CFO, (403) 457-5035, [email protected], www.seadragon.ca
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