TSX-V conditionally accepts $500,000 private placement
CALGARY, Canada (Dec. 22, 2021) — Pennine Petroleum Corporation ("Pennine" or "the Corporation") announces that the TSX Venture Exchange (the “Exchange”) has conditionally accepted Pennine’s application for a Private Placement to raise $500,000, previously announced on Dec. 3, 2021.
As stated previously, the Corporation will be undertaking a non-brokered financing of up to 20 million Units for proceeds of $500,000 (the “Offering”). Each Unit is offered at $0.025 and comprises one common share (“Common Share”) and one common share purchase warrant (“Warrant”) with an exercise price of $0.05, exercisable for a period of one year from closing of the Offering.