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Tenth Avenue Petroleum Announces Non-Brokered Financing

PRIVATEJan 17, 2022

Round Type

Funding Round

AlbertaEnergyOil And Gas

Description

CALGARY, AB / January 17, 2022 / Tenth Avenue Petroleum Corp. ("TPC" or the "Company") (TSXV:TPC) is pleased to announce a non-brokered private placement offering of up to 12,000,000 units (each a "Unit") at a price of CDN $0.25 per Unit for aggregate gross proceeds of up to CDN$3,000,000 (the "Financing"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant issued under the Financing will entitle the holder to acquire one additional Common Share at a price of $0.30 for a period of 12 months from the date of issuance

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Tenth Avenue Petroleum that raised within 45 days of this round, from Fundz verified event records.

  • Diversified Energy raised an undisclosed amount (Funding Round) on February 24, 2022.
  • Carlisle Companies Incorporated raised $125M (Funding Round) on February 23, 2022.
  • Dalrada raised an undisclosed amount (Convertible Note) on February 9, 2022.
  • Diversified Energy raised an undisclosed amount (Funding Round) on February 7, 2022.
  • Modern Hydrogen raised $30M (Series B) on February 3, 2022.
  • Project Spin raised $3.8M (Seed) on February 3, 2022.

Who to call at Tenth Avenue Petroleum, and when

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Company Information

Company

Tenth Avenue Petroleum

Location

Alberta, Canada

About

Tenth Avenue Petroleum Corp. is an oil and gas company engaging in the exploration and production of petroleum and natural gas resources. The company is focused on strategic acquisitions to enhance its growth and production capabilities. With a commitment to sustainable practices, TPC aims to optimize resource extraction in established areas.

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Tenth Avenue Petroleum raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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