Decklar Resources completes unit offering

On August 30, 2021, Decklar Resources Inc. (“Decklar”) completed its previously announced financing for total gross proceeds of C$5 million.

Decklar completed a non-brokered financing to raise gross proceeds by way of a unit offering at a price of C$1.00 per unit, with each unit consisting of one common share of Decklar and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share at an exercise price of C$1.50 per common share for a period of 12 months from the closing date of the offering.

Funds from this financing will be used to continue to develop the Oza Oil Field in Nigeria, to pursue new oil and gas development opportunities in Nigeria, and for general corporate purposes.

Further information can be found on Globe Newswire’s website.

Decklar is an independent international oil & gas company focused on low-risk appraisal and development opportunities in the prolific West African region.