Decklar Resources closes C$10 million unit offering

On May 25, 2021, Decklar Resources Inc. (“Decklar”) completed a previously announced unit offering for total gross proceeds of C$10,075,000 in respect of subscriptions for 10,075,000 units.

The offering was conducted 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 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.