Gale Force Petroleum retains Alternative Investment Partners to broker financing
Friday, Jul 30, 2010
Gale Force
Petroleum Inc. (TSX Venture: GFP, the "Corporation") today announced that it
has engaged Alternative Investment Partners, a division of Kingsmont
Investment Management Inc., to broker a best-efforts private placement
financing to finance acquisitions and the development of its properties.
The Corporation expects to raise between $1,000,000 and $3,000,000 in the
private placement through the issuance of Units issued at a price of $0.30.
Each Unit shall consist of one common share of the Corporation and one-half
warrant. Each warrant will entitle its holder to purchase one common share
of the Corporation for $0.50 for a period of 18 months following the closing
of the financing. The financing is subject to TSX Venture Exchange approval.
Source: Canada Wire
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