EastSiberian Plc Announces Closing of Second and Final Tranche of Private Placement
ST. HELIER, JERSEY, May 15, 2015 – EastSiberian Plc (TSXV NEX: ESB.H) (“EastSiberian” or the
“Corporation”), a Jersey company, is pleased to announce that it has closed the second and final tranche
of its previously announced non-brokered private placement (the “Financing”) pursuant to which it issued
today 8,537,569 common shares at a price of $0.05 per common share for gross proceeds of $426,878.45.
The first tranche of the Financing closed on April 2, 2015 and raised gross proceeds of $1,040,347.25.
The total gross proceeds raised from both closings is $1,467,225.70.
The common shares issued in connection with the Financing will be subject to a four-month-and-one-day
hold period from the closing date of the Financing. The hold period for the common shares issued on
May 15, 2015 will end on September 16, 2015.
The proceeds from the Financing will be used to pay for work done in respect of initiatives in pursuit of
oil and gas opportunities in Latin America, as well as for payment of certain accounts payable,
professional fees and general working capital.
Completion of the private placement is subject to certain conditions, including the final approval of the
NEX board of the TSX Venture Exchange to the listing of the common shares on the NEX.
EastSiberian is an international junior oil exploration company incorporated in the Bailiwick of Jersey.
For further information, please visit the EastSiberian Plc website at www.eastsiberianplc.com. The
common shares of the Corporation are currently listed on the NEX.
As previously announced, the common shares of EastSiberian are currently halted from trading on the
NEX at the request of the Corporation. The common shares will remain halted until the Corporation
completes a third-party engineering review of the Nicaraguan oil and gas concessions and releases this to
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
For further information, please contact:
St. Helier, Jersey,
Tel: +44 7733 363 016 or +1 403 630 2367