BRIEF-Primeline Energy says to issue 1.06 mln shares to GRF Prime Ltd

Tue Mar 15, 2016 3:49pm EDT
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March 15 (Reuters) - Primeline Energy Holdings Inc :

* Says will issue 1.06 million new ordinary shares of primeline to GRF Prime Limited

* Says upon completion of issue, GRF will own about 2.8 percent of company's shares issued and outstanding

* Shares will be issued at a deemed price of CAD$0.14 per share Source text for Eikon: Further company coverage: