Donnycreek Energy Inc. - 2012-06-19
Description
Donnycreek Energy Inc. is increasing the size of its proposed private placement of a combination of: flow-through common shares at a price of $0.85 each; and 10% redeemable, convertible, unsecured debentures. The Company will now issue up to $2,550,000 of shares and up to $2,580,000 principal amount of convertible debentures for aggregate gross proceeds of up to $5,130,000. The proceeds will be used to incur eligible exploration and development expenses prior to December 31, 2013.