TSXV – BEN.H
VANCOUVER, BC, April 26,
2023 /CNW/ - Butte Energy Inc. (TSXV:
BEN.H) (the "Company") announces a non-brokered private placement
of 1,250,000 units (each, a "Unit") at a price of $0.20 per Unit for gross proceeds of $250,000. Each Unit consists of one common
share of the Company, and one common share purchase warrant (each,
a "Warrant"). Each whole Warrant entitles the holder to acquire an
additional common share of the Company at a price of $0.30 per share for 1 year from the date of the
closing of the offering (the "Closing Date"). The Company intends
to use the proceeds for general working capital.
The private placement is subject to regulatory approval.
On behalf of BUTTE ENERGY INC.
"Geir Liland"
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements included in this announcement, including
statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby
identified as, "forward– looking statements".
Forward–looking statements may be identified by words
including "anticipates", "believes", "intends", "estimates",
"expects" and similar expressions. The Company cautions readers
that forward–looking statements, including without
limitation those relating to the Company's future operations and
business prospects, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward–looking statements.
SOURCE Butte Energy Inc.