Record Resources (TSXV:REC) has increased it's brokered private placement from $500k to 1.8M at $0.6/unit with 1/2 warrant per unit ($0.09 strike, 30 month term). The raise, led by Research Capital includes an 8% cash commission + broker warrants and an additional $100k agent commission. Proceeds will fund the development and exploration on Gabon offshore block C-7 (Ngulu). Through the JV with Recon Africa. Record holds a 20% fully carried interest. The Loba oil field offers a 20,000 Bbl/d near term production potential.
Record Resources Upsizes to 1.8M to Advance Gabon Oil Play
byu/hintalliterations inoil
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