Pinedale Energy Limited (TSE:MCF) has released an update.
MCF Energy Ltd. has launched a non-brokered private placement aiming to raise $2.5 million through the sale of over 16 million units at $0.15 each, with each unit including a share and a warrant. The proceeds are intended for working capital and general corporate purposes, with the completion of the offering subject to TSX Venture Exchange approval and a statutory hold period. The company, known for its role in enhancing Europe’s energy security, may also pay finders’ fees for assistance in selling the units.
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