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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (4661)	11/11/2014 1:51:23 PM
From: Goose94	Read Replies (1) of 203026

Archer Petroleum (ARK-V) Nov 11, '14 has increased its previously announced private placement offering (see news release dated Oct. 14, 2014) from five million units to six million units at a price of five cents per unit for gross proceeds of up to $300,000. Each unit will continue to consist of one common share of the company and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at five cents per share for a period of two years from the date of the issue. Subject to TSX Venture Exchange approval, the company may pay finders a fee consisting of cash and warrants from the proceeds of the proposed offering. Proceeds of the offering will be used for the company's exploration activities on its resource properties, working capital purposes, and to source and evaluate potential projects in the energy sector, including but not limited to conventional oil and gas opportunities in the United States. Closing of the proposed offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.

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