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Pulse Oil Corp extends closing of second tranche of placing

The TSX Venture Exchange has approved the request to extend the date, it said..

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Earlier this month, the group closed the first tranche of its private placement as it embarks on a new era of operations

Alberta-focused energy firm Pulse Oil Corp (CVE:PUL) said the closing of its second tranche of its placing had been extended to August 2 this year.

The TSX Venture Exchange has approved the request to extend the date, it said.

It is so that Pulse can continue to work and evaluate certain potential strategic partnership opportunities which have recently come to its attention, the oiler said.

Earlier this month, the group closed the first tranche of its private placement as it embarks on a new era of operations.

The company formally completed the acquisition of certain oil and gas assets in the Queenstown area of the Province of Alberta, and signed a definitive agreement to purchase certain Whiskey Creek light oil and gas assets, as announced last month.

Pulse raised C$3.11mln in the first tranche of the private placement, issuing 25.96mln units at a price of 12 cents each.

Quick facts: Pulse Oil Corp

Price: 0.015 CAD

TSX-V:PUL
Market: TSX-V
Market Cap: $2.27 m
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