Offering conducted by agent RBC Capital Markets to finance exploration
By Devika Patel
Knoxville, Tenn., Dec. 2 - Donnycreek Energy Inc. said it plans a C$6 million private placement of stock, which will be conducted by RBC Capital Markets.
The company will sell 2.5 million flow-through common shares at C$2.40 apiece, a 17.65% premium to the Nov. 29 closing share price of C$2.04.
Settlement is expected Dec. 16.
Proceeds will be used for exploration.
The oil and natural gas production company is based in Calgary, Alta.
| Issuer: | Donnycreek Energy Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$6 million
|
| Shares: | 2.5 million
|
| Price: | C$2.40
|
| Warrants: | No
|
| Agent: | RBC Capital Markets
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 16
|
| Stock symbol: | TSX Venture: DCK
|
| Stock price: | C$2.04 at close Nov. 29
|
| Market capitalization: | C$102.62 million
|
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