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Rocky Mountain GTL Inc.

Address 200, 1414–8th Street SW, Calgary, AB, T2R 1J6, CA
Telephone 403.452.6021
Website rockymountaingtl.com

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Rocky Mountain GTL Inc. announces closing of their initial $42 million private placement and their intention to launch construction of Canada's first commercial gas to liquid plant

Rocky Mountain GTL Inc.  is pleased to announce that it has completed a private placement of units composed of common shares and warrants and convertible debentures due in 2020, for aggregate gross proceeds of approximately $42 million. With the completion of the above private placement, the Board of Directors has approved the final investment decision to proceed with the construction of Canada's first commercial Gas to Liquids (GTL) plant 60 kilometers east of Calgary, near Carseland, Alberta.