|By Marketwired .||
|September 2, 2014 02:42 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/02/14 -- Opal Energy Corp. (the "Company") (TSX VENTURE: OPA.H) announces that it is completing a private placement (the "Offering") of 6,600,000 units ("Units") at a price of $0.06 per Unit. Each Unit will consist of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one additional Share at a price of $0.12 for a period of 12 months from closing. All Shares and Warrants issued under the Offering will be subject to a four month hold period which will run from the date of issuance. The Offering is subject to NEX and shareholder approval. Proceeds of the Offering will be used to reduce corporate debt and to finance the Company's ongoing review of prospective projects in the resource sector.
The Company also announces that is has completed its $300,000 shares for debt settlement with its primary creditor (the "Debt Settlement"). The Debt Settlement resulted in the issuance of 6,000,000 shares at a price of $0.05 per share. The Debt Settlement was assigned to multiple arm's length parties and did not result in the creation of new insiders or a new control person. The shares issued under the Debt Settlement are subject to a four month hold period which expires December 30, 2014. The Debt Settlement has received final NEX approval.
Opal Energy Corp.
Opal Energy Corp. is an independent oil and gas exploration and production company based in Vancouver, B.C.
On behalf of the Board of Directors
Opal Energy Corp.
CFO and Director
Neither the NEX or 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.
Aug. 31, 2016 02:00 AM EDT Reads: 1,969
Aug. 31, 2016 01:45 AM EDT Reads: 3,068
Aug. 31, 2016 01:00 AM EDT Reads: 1,703
Aug. 30, 2016 08:15 PM EDT Reads: 2,490
Aug. 30, 2016 08:00 PM EDT Reads: 1,930
Aug. 30, 2016 08:00 PM EDT Reads: 2,031
Aug. 30, 2016 07:15 PM EDT Reads: 364
Aug. 30, 2016 07:00 PM EDT Reads: 937
Aug. 30, 2016 06:15 PM EDT Reads: 374
Aug. 30, 2016 05:45 PM EDT Reads: 3,595
Aug. 30, 2016 05:00 PM EDT Reads: 905
Aug. 30, 2016 04:15 PM EDT Reads: 976
Aug. 30, 2016 03:30 PM EDT Reads: 3,782
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 30, 2016 03:00 PM EDT Reads: 872
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 30, 2016 02:30 PM EDT Reads: 965