MNAP - MNP Petroleum Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
-0.001 (-7.69%)
At close: 1:26PM EDT
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Previous Close0.007
Bid0.000 x 0
Ask0.000 x 0
Day's Range0.005 - 0.006
52 Week Range0.002 - 0.140
Avg. Volume29,034
Market Cap996,677
PE Ratio (TTM)N/A
EPS (TTM)-0.040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.16
Trade prices are not sourced from all markets
  • PR Newswire11 months ago

    MNP Petroleum Corp. Enters Into Private Placement Agreement With GSC-TL Partners

    BAAR, Switzerland, Sept. 21, 2017 /PRNewswire/ -- MNP Petroleum Corp. ("MNP") (MNP.V) (MNAP) is pleased to announce that it has entered into a binding agreement (the "Agreement") with GSC-TL Partners LLC ("GSCP"), a privately held Delaware limited liability company headquartered in Houston, Texas, providing for a staged private placement of up to 60% of the equity of MNP for a purchase price of up to US$35,000,000. The Agreement contemplates that MNP will issue an aggregate of 258,955,325 common shares (approximately 60% of the issued and outstanding common shares after adjusting for the issuance) in exchange for an investment into MNP and its projects of up to US$35,000,000.  Only a portion of the purchase price - US$4,000,000 - will be in the form of cash paid to MNP - the balance is to be invested directly into work programs on MNP's oil and gas properties in Tajikistan over a 24 month period, as well as the construction of a community development project (the construction of a school in the Farkhor District of Tajikistan).

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