Vulcan Energy Corp./Vulcan Capital et al - 2011-10-19

Description

The company has entered into a strategic investment agreement with the Abu Dhabi National Energy Company PJSC (TAQA). Under the Agreement, TAQA will purchase, through a private placement, 74 million common shares in the company at $0.63 per share for gross proceeds of $46.62 million. When this private placement is completed, TAQA will own approximately 19.9% of the company's issued and outstanding common shares.

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Estimated Price
$46.6MM
Financing Type
Report Date