Decklar Resources closes private placement financing
On March 8, 2021, Decklar Resources Inc. (“Decklar”) announced the completion of a second and final closing of its previously announced private placement financing in which Decklar issued 16,865,714 common shares (including 2,595,714 common shares as part of the second closing) at a price of CAD $0.28 per share for total gross proceeds of C$4,722,400.
Funds from this financing will be used to immediately advance operational activities to re-enter the Oza-1 well at the Oza Oil Field in Nigeria, through the company’s wholly-owned Nigeria-based subsidiary Decklar Petroleum Limited, 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.