Pinedale Energy Limited (TSE:MCF) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
MCF Energy Ltd. has upsized its non-brokered private placement from $2.5 million to $4.4 million, offering units at $0.15 each, including common shares and purchase warrants. The company plans to use the proceeds for working capital and general purposes, and is also settling over $1.5 million in debt with creditors through a similar unit issuance, aiming to strengthen its balance sheet and preserve cash.
For further insights into TSE:MCF stock, check out TipRanks’ Stock Analysis page.