November 2, 2016 / 12:57 PM / in a year

BRIEF-Mitra reports US$68 million new funding through a combination of a non-brokered private placement and a convertible debt facility

Nov 2 (Reuters) - Mitra Energy Inc :

* Decided it will proceed with a non-brokered private placement of 132 million common shares at a price per share of C$0.40

* Also entered into a US$28 million convertible debt facility with tyrus capital event S.À R.L.

* Under terms of facility, mitra will have ability to drawdown tranches of US$5 million

* Mitra announces US$68 million new funding through a combination of a non-brokered private placement and a convertible debt facility Source text for Eikon: Further company coverage:

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