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Saturn raises $4.0MM in flow through shares and new units
Saturn Oil & Gas issued a total of 33.6 million new shares to raise $4.0 million.The new equity includes 7.8 million flow through sharse and 25.8 million units, all for $0.12 each. The final amount was higher than the $3.5 million initially expected. Each unit includes one common share of the company and one common share purchase warrant with a strike price of $0.18 valid for up to two years after closing. John Jeffrey, an officer and director of the......
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