Leucrotta Exploration Inc.: Leucrotta Announces Q1 2021 Financial and Operating Results
Calgary, Alberta (Newsfile Corp. - May 27, 2021) -
LEUCROTTA EXPLORATION INC. (TSXV: LXE) ( Leucrotta or the Company ) is pleased to announce its financial and operating results for the three months ended March 31, 2021. All dollar figures are Canadian dollars unless otherwise noted.
HIGHLIGHTS
Closed a bought-deal public financing issuing 45.2 million units of the Company ( Units ) at a price of $0.73 per Unit for gross proceeds of $33.0 million. Each Unit is comprised of one common share of the Company and 0.5 common share purchase warrant of the Company. Each whole common share purchase warrant entitles the holder to purchase one common share at an exercise price of $1.00 per common share expiring on March 31, 2023.
Leucrotta Exploration Inc : Leucrotta Announces Q4 2020 Financial and Operating Results
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Leucrotta Exploration Inc : Leucrotta Exploration Announces 2020 Year-End Reserves
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Leucrotta Exploration Inc.: Leucrotta Exploration Announces Closing of Previously Announced Asset Sale
Calgary, Alberta (Newsfile Corp. - April 1, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ( Leucrotta or the Company ) is pleased to announce that, further to its press release dated March 15, 2021, it has closed the previously announced disposition of 10.25 sections of non-strategic Montney lands (the
Asset Sale ), comprising approximately 5% of Leucrotta s Montney land base, for aggregate consideration of $30.0 million.
The Company intends to use the proceeds from the Asset Sale to repay debt, advance the initiation of a Pad Development program in the Lower Montney at Mica (the
Mica Project ), and for general working capital purposes.