OneRoof Energy Group, Inc. announced that it has received CAD 15.555999 million in funding from Black Coral Capital, Spindrift Equities, LLC
On January 16, 2015, the company announced that the transaction will also include participation from returning investor, Spindrift Equities, LLC along with certain other unaffiliated investors. The convertible notes will have a conversion price of CAD 0.71 per share. The closing of the transaction is subject to the execution of final documentation.
On March 13, 2015, the company announced that Spindrift Equities, LLC will invest approximately $2,000,000 (CAD 2,542,000). The terms of the note permit the investor to convert up to $400,000 (CAD 508,400) of the principal amount outstanding from time to time into common shares of the company at a price of CAD 0.135 per common share. The notes issued will mature on April 15, 2015. The conversion was made through www.oanda.com on March 13, 2015.
On March 18, 2015, the company raised CAD 2 million from Spindrift Equities, LLC in its first tranche.
On April 23, 2015, the company announced that TSX Venture Exchange has accepted the filing documentation with respect to the first tranche of the transaction.
On May 11, 2015, OneRoof Energy Group, Inc. closed the transaction. The company raised CAD 13,555,999 in its second tranche .