Sahara Energy intends to issue, on a non-brokered private placement basis up to 2,000,000 common shares of the Company issued on a "flow-through" basis and renounced to subscribers as Canadian Development Expenses pursuant to the Income Tax Act (Canada) at a price of $0.13 per Flow-Trough Share.
Proceeds of the Private Placement will be used to fund general expenditures related to Sahara's development and exploration of its oil and natural gas properties.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Most Popular Articles
From the Career Center
Jobs that may interest you