PetroMaroc completes first tranche of non-brokered private placement

PetroMaroc Corp. Plc

PetroMaroc Corp. Plc (TSXV: PMA) has closed the first tranche of its non-brokered private placement of units at a price of $0.15 per unit, raising Cdn $3,000,000.

Proceeds from the private placement will be used for general working capital purposes and exploration expenses. The company anticipates to close the second tranche of the private placement in December.

PetroMaroc is an independent oil and gas company focused on its significant land position in Morocco.

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