Greentree Gas and Oil (GGO.V, GNGOF) - Summary
- Greentree has the greatest leverage to the successful application of
Powerwave as their production increase could be significant relative to
their current numbers.
- They have just turned on 8 Powerwave injectors and 2
horizontal producers. Results are expected shortly.
- Currently trading at $0.17, flow through financing at $0.15/share or $0.11/unit (consisting of 1 share and a $0.16 warrant good for 1 year.
Greentree Gas & Oil Ltd. has engaged Capital Street Group
Investment Services Inc., a limited market dealer, on a best efforts
basis to sell up to $1.25-million of securities of Greentree by way of
private placement. The proposed private placement will consist of up to
4,166,667 flow-through common shares at 15 cents per flow-through share
and up to 5,681,818 units at 11 cents per unit, each unit consisting of
one common share and one common share purchase warrant of Greentree.
Each whole warrant issued will entitle the holder to purchase one
common share of Greentree at a price of 16 cents for a period of 12
months from the date of issue.
I am a shareholder and an investor relations consultant for Greentree Gas and Oil (GGO.V, GNGOF)