MCF Energy launches $500,000 private placement

* MCF Energy (TSXV:MCF:CA [https://seekingalpha.com/symbol/MCF:CA]) has announced a non-brokered private placement for aggregate minimum gross proceeds of $500,000.
* The offering will consist of a minimum of 10M units at a price of $0.05 per unit.  Each unit will consist of one common share and one full common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.06 for a period of 24 months from the date of issuance.
* Source: Press Release [https://seekingalpha.com/pr/20209021-mcf-energy-announces-nonbrokered-private-placement]

MORE ON MCF ENERGY

* Financial information for MCF Energy Ltd. [https://seekingalpha.com/symbol/MCF:CA/income-statement]