#PistolBayMining $PST closed a $563,450 private placement and will issue 10.23m units at a price of $0.05 per unit consisting of one common share and one whole warrant, warrant priced at
$0.075 per share for 12 months from the date or closing. 5,195,000 units a flow-through were issued priced at $0.06 per unit consisting of one common share and one-half of one whole warrant priced at $0.09 per share for 12 months. Cash commission of $20,970 was paid and 196,000 broker warrants were issued.
This article http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=117683 provides a great overview of Petro One Energy “TSX.V-POP” including a valuation of the company’s assets.
James Hudson Quote…
“POP is trading at 31% of the most conservative valuation of its cash and assets.
With this in mind, the stock chart over the last year has been technically perfect to the upside. Petro One’s share price has more than doubled, on strong volume against an overall weakening market, over the past year.
On June 6, 2011, Petro One announced it had begun drilling with an aim towards near-term light, sweet crude production. Folks, we are looking at textbook case of an emerging junior Oil producer doing all things right. I expect we will see significant cash flow sometime this year.
There is no question as to what direction Petro One’s share price is headed. It will simply be a case of how much production will come online, how fast, and how long the company will last before it is taken out.”