Lu'an Capital & Energy Investment Inc. announced that they have entered into a subscription agreement with Sona Resources Corp. Luan Capital & Energy Investment Inc purchased through a private placement 3,665,000 units through an initial public offering with a price of 0.30 per unit. The total gross proceeds for the deal was tagged at US$1,099,500.
Lu'an Capital & Energy Investment Inc said that they acquired 3,665,000 worth of common shares of Sona which represents approximately13.3% of the company's issued and outstanding share capital. Lu'an Capital & Energy Investment Inc previously owned 500,000 Common shares of Sona. At the closing of the transaction, Lu'an Capital & Energy Investment Inc now owns approximately 4,165,000 common shares in Sona,
Lu'an Capital & Energy Investment Inc said that the purchased shares were acquired as investment. Lu'an Capital & Energy Investment Inc mentioned that that they may acquire additional securities of Sona depending on the market conditions.
Join the Conversation