By Sheri Kasprzak
New York, March 21 - Eagle Rock Exploration Ltd. has settled its previously announced private placement for C$2,776,491.
The company sold 2,784,400 non flow-through shares at C$0.38 each and 3,818,710 flow-through shares at C$0.45 each.
Acumen Capital Finance Partners Ltd. was the placement agent.
The deal priced March 1 as a C$3,000,040 offering of 3,158,000 non flow-through shares and 4 million flow-through shares.
Proceeds will be used for exploration and development of the company's oil and gas interests in Alberta and Saskatchewan.
Calgary, Alta.-based Eagle Rock is an oil and natural gas exploration company.
| Issuer: | Eagle Rock Exploration Ltd.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$2,776,491
|
| 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
|
| Stock price: | C$0.38 at close March 21
|
|
|
| Non flow-through shares
|
| Shares: | 2,784,400
|
| Price: | C$0.38
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 3,818,710
|
| Price: | C$0.45
|
| Warrants: | No
|
|
|
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