TSX:BIROil and Gas
Birchcliff Energy (TSX:BIR): Assessing Valuation After Announced Private Placement and New Capital Raise
Birchcliff Energy (TSX:BIR) took center stage this week by announcing a non-brokered private placement for 43 million shares at CA$0.02 each, raising CA$860,000 in new capital. This move typically prompts investors to weigh the effects of share dilution along with the company’s financing strategy.
See our latest analysis for Birchcliff Energy.
Birchcliff Energy’s private placement has drawn fresh attention as the stock shows real momentum, with a 16.8% share price return in the past month and...