By Sheri Kasprzak
New York, Dec. 2 - Great Plains Exploration Inc. said it has negotiated a private placement for C$5,022,000.
The company plans to sell, through a syndicate of underwriters led by GMP Securities LP, 1.62 million flow-through shares at C$3.10 each.
The rest of the syndicate includes Dundee Securities Corp. and Acumen Capital Finance Partners Ltd.
The offering is slated to close Dec. 15.
Proceeds will be used for the company's C$32 million 2006 capital expenditure program.
Calgary, Alta.-based Great Plains is an oil and natural gas exploration company.
| Issuer: | Great Plains Exploration Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$5,022,000
|
| Shares: | 1.62 million
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| Price: | C$3.10
|
| Warrants: | No
|
| Underwriters: | GMP Securities LP, Dundee Securities Corp., Acumen Capital Finance Partners Ltd.
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 15
|
| Stock price: | C$2.45 at close Dec. 2
|
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