Oceanus Closes Private Placement

ACCESS Newswire
08 Jul 2019, 18:50 GMT+10

HALIFAX, NS / ACCESSWIRE / July 8, 2019 / Oceanus Resources Corporation (TSXV: OCN) ('Oceanus' or the "Company") has closed a non-brokered private placement raising $750,000 through the issuance of 12,500,000 common shares at a price of $0.06 per common share. The common shares issued pursuant to this private placement are subject to a 4 month hold period that expires on November 9, 2019.

Certain officers and directors of Oceanus subscribed for an aggregate of 1,483,332 common shares.

The proceeds from the private placement will be used for Oceanus' El Tigre Property in Sonora, Mexico and for general working capital purposes. The private placement remains subject to final acceptance by the TSX Venture Exchange.

For further information, please contact:

Glenn Jessome
President and CEO
(902) 492-0298
[email protected]

CAUTIONARY STATEMENT:

Neither 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.

(Not for distribution to US wire services or for dissemination in the United States of America)

SOURCE: Oceanus Resources Corporation

View source version on accesswire.com:
https://www.accesswire.com/551133/Oceanus-Closes-Private-Placement

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.

More Information

null in null

International

Section

Israel should act fast on new peace deals, Netanyahu says

JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...

UN offer rejected in Dreamliner crash investigation

NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...

UN climate agency gets 10 percent boost amid global budget cuts

BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...

Mexican President orders review of SpaceX environmental impact

MEXICO CITY, Mexico: Mexican President Claudia Sheinbaum said this week that her government is investigating possible environmental...

Historic ISS mission launches with crew from 4 different nations

CAPE CANAVERAL, Florida: In a landmark flight for three nations and a veteran U.S. spacefarer, a four-member astronaut crew launched...

U.S. government sues Maryland court over pause in migrant deportations

WASHINGTON, D.C.: In a striking escalation of tensions between the executive and judicial branches, the Trump administration has filed...

Sports

Section