Non-brokered sale at C$0.12 per share garners insider participation
By Devika Patel
Knoxville, Tenn., June 28 – DXI Energy Inc. said it settled a C$642,000 initial tranche of a C$3 million non-brokered private placement of stock. The deal priced on May 26.
The company is selling common shares at C$0.12 apiece. The price per share is a 14.29% discount to C$0.14, the May 25 closing share price.
DXI sold 5.35 million common shares in the first tranche.
Hodgkinson Equities Corp. bought 3 million shares for C$360,000 and chief financial officer David Matheson bought 600,000 shares for C$72,000.
The oil and gas exploration company is based in Vancouver, B.C.
| Issuer: | DXI Energy Inc.
|
| Issue: | Common shares
|
| Amount: | C$3 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investors: | Hodgkinson Equities Corp. (for C$360,000), David Matheson (for C$72,000)
|
| Pricing date: | May 26
|
| Settlement date: | June 28 (for C$642,000)
|
| Stock symbol: | Toronto: DXI
|
| Stock price: | C$0.14 at close May 25
|
| Market capitalization: | C$5.84 million
|
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