By Devika Patel
Knoxville, Tenn., April 13 - Paramount Energy Trust said it plans a C$6.92 million private placement of special warrants with Profound Energy Inc.
The company will sell 9,224,310 special warrants at C$0.75 each to Profound.
The special warrants are convertible into common shares on a one-for-one basis.
Settlement is expected April 14.
Paramount is a natural gas-focused energy trust based in Calgary, Alta.
| Issuer: | Paramount Energy Trust
|
| Issue: | Special warrants exchangeable for common stock on a one-to-one basis
|
| Amount: | C$6,918,232.50
|
| Special warrants: | 9,224,310
|
| Price: | C$0.75
|
| Warrants: | No
|
| Investor: | Profound Energy Inc.
|
| Pricing date: | April 13
|
| Settlement date: | April 14
|
| Stock symbol: | Toronto: PMT.UN
|
| Stock price: | C$3.58 at close April 10
|
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