Gastem Files Short Form Prospectus
July 15 2010 - 8:30AM
Marketwired
Gastem (TSX VENTURE: GMR) is pleased to announce that it has
received a receipt for a preliminary short form prospectus filed in
connection with a proposed offering in Units. Each Unit will
consist of one (1) share of the Company plus one (1) warrant for
two years.
Subject to receipt of all requisite regulatory approvals the
offering is expected to close on or about July 31st . The offering
will be made by a syndicate of agents led by Industrial Alliance
Securities Inc., and will include Fraser Mackenzie Ltd. and Mackie
Research Capital Corporation. The offering will be sold publicly in
the provinces of British Columbia, Alberta and Ontario.
The Company proposes to use the net proceeds to fund the
development of properties and projects in New York State, the
potential acquisition of new properties and for general corporate
purposes.
Gastem is an independent oil and gas exploration and development
company based in Montreal. The company holds exploration permits
and rights to 3,135 km(2) in the St. Lawrence Lowlands, the Gaspe
Peninsula and the Magdalen Islands in Quebec as well as properties
in New York State and rights or interests in Appalachia.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Gastem David Vincent or Raymond Savoie 514-875-9034
rs@gastem.ca
(TSXV:GMR)
Historical Stock Chart
From Jun 2024 to Jul 2024
(TSXV:GMR)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More Gastem Inc. News Articles