Pulse Oil announces rights offering to raise $4.16M (TSXV:PUL:CA)
Press Room
Pulse Oil Corp. (TSXV:PUL:CA) Thursday said that it is offering rights to holders of its common shares of record at the close of business on December 15.
Pursuant to the Rights Offering, each holder of Common Shares will receive one-fifth of a transferable right for each Common Share held of Pulse as of the Record Date.
Each whole right will entitle the holder thereof to subscribe for one Common Share at a price of $0.04 per Common Share until 2:00 p.m. (Pacific time) on January 12, 2024.
If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.
