Nigeria Decklar31 Jul 2021 11:01
I am left wondering if our SLE/OZA financing funds are still in held escrow and or whether Millenium has finalised its large Nigerian Bank loan for the OZA project MMM? Meanwhile, Decklar pursues further fundraising in Canada for Nigeria - seems though with their new PR firm they will provide better information to Decklar shareholders than our own SLE who has a preference to just appoint more senior executives to the company with apparent experience of the Nigerian market.
Toronto, Canada -- Decklar Resources Inc. (DKL-TSX Venture) (the “Company” or “Decklar”) is pleased to announce a $1 million Unit Offering and to announce the execution of a contract with Native Ads, Inc. for investor relations and marketing services.
Unit Offering
Decklar is proposing to complete a non-brokered financing to raise gross proceeds of up to $1,000,000 by way of a unit offering (the “Offering”) at a price of $1.00 per unit (a “Unit”), with each Unit consisting of one common share of Decklar (a “Common Share”) and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $1.50 per Common Share for a period of 12 months from the closing date of the Offering. Decklar has engaged Echelon Wealth Partners Inc. (“Echelon”) as strategic financial advisor in connection with the Offering. Decklar will pay a finder’s fee to Echelon (and certain other arm’s length third parties) based upon the gross proceeds of the Offering received by the Company from investors referred by Echelon (and such other arm’s length parties) and will also pay Echelon an additional fee for strategic advisory advice based upon the aggregate gross proceeds of the Offering.
Funds raised by this planned Offering will be used to pursue new oil and gas development opportunities in Nigeria and for general corporate purposes.
The Offering is subject to approval by the TSX Venture Exchange.
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