Chief financial officer, Hodgkinson Equities among investors
By Angela McDaniels
Tacoma, Wash., July 12 – DXI Energy Inc. said it settled a C$353,800 final tranche of a C$995,800 non-brokered private placement of stock. The deal priced May 26, and the company settled a C$642,000 initial tranche on June 28.
In total, the company sold 8,298,333 shares for C$0.12 apiece, which is a 14.29% discount to C$0.14, the May 25 closing share price.
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 company originally planned to sell C$3 million of stock in the placement.
Proceeds will be used to expand the Woodrush project in Northern British Columbia and for general working capital.
DXI Energy is an oil and gas exploration company based in Vancouver, B.C.
| Issuer: | DXI Energy Inc.
|
| Issue: | Common stock
|
| Amount: | C$995,800
|
| Shares: | 8,298,333
|
| 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 dates: | June 28 for C$642,000 and July 12 for C$353,800
|
| Stock symbol: | Toronto: DXI
|
| Stock price: | C$0.14 at close May 25
|
| Market capitalization: | C$5.84 million
|
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