Montana Exploration Corp. announced that it has received CAD 3.25 million in funding from Ang Partners Ltd. and e Sky Exploration Limited.
If the previously announced arrangement between Montana and Waldron is completed and the concurrent transaction of ANG and Blue Sky for shares at a price of CAD 0.25 per share is completed, then the debentures will be cancelled and no interest will be payable, and the principal amounts owing under the debentures will represent an advance on the subscription amounts owing from ANG and Blue Sky pursuant to the transaction of shares.
On July 23, 2014, Montana Exploration Corp. closed the transaction. The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The round included 2 placees in the transaction.