Nauticol Energy secures private financing

Nauticol Energy Inc., a cleantech company, has closed a private round of financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]3.87 million in Alberta, BC, Saskatchewan and Ontario investors. The company issued common shares priced at $2.50 per share with anti-dilution warrant attached to each share. GMP Securities L.P. acted as placement agent. Blake, Cassels & Graydon LLP serves as Nauticol’s legal counsel.[/mepr-active]

Calgary based Nauticol Energy has developed a low-cost approach to convert abundant natural gas into high value products in a way that significantly reduces carbon dioxide output. Nauticol is currently developing eastern and western based projects in North America.

photo credit: Nauticol Energy