PentaNova Energy, formerly PMI Resources, announced a private subscription receipt offering at C$0.80 per receipt to raise between $16 million and $20 million. each subscription receipt will automatically exchange into one unit of the company and each unit will consist of one common share and one share purchase warrant. The warrant can be exchanged into a common share at $1.05 anytime over the next five years. The funds would be used to complete the reverse takeover......
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