By Sheri Kasprzak
New York, March 1 - Eagle Rock Exploration Ltd. said it intends to raise up to C$3,000,040 in a private placement.
The offering includes up to 3,158,000 shares at C$0.38 each and up to 4 million flow-through shares at C$0.45 each.
Acumen Capital Finance Partners Ltd. is the placement agent.
The deal is expected to close March 21.
Eagle Rock, based in Calgary, Alta., is an oil and natural gas exploration company.
| Issuer: | Eagle Rock Exploration Ltd.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$3,000,040 (maximum)
|
| Placement agent: | Acumen Capital Finance Partners Ltd.
|
| Pricing date: | March 1
|
| Settlement date: | March 21
|
| Stock symbol: | TSX Venture: ERX
|
| Stock price: | C$0.38 at close March 1
|
|
|
| Non flow-through shares
|
| Shares: | 3,158,000 (maximum)
|
| Price: | C$0.38
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 4 million (maximum)
|
| Price: | C$0.45
|
| Warrants: | No
|
|
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