By Sheri Kasprzak
Atlanta, Dec. 17 - Highview Resources Ltd. said late Thursday it has wrapped up a private placement for C$1.78 million, just short of its previously announced C$2 million goal.
The company issued 5,929,499 flow-through shares at C$0.30.
On Nov. 22, the company announced its plans to sell up to 6,666,667 shares at C$0.30 each.
The offering was placed through an underwriting syndicate led by Jennings Capital Inc. and Canaccord Capital Corp.
Calgary, Alta.-based Highview is an oil and gas acquisition, exploration, exploitation and development company. It plans to use the proceeds from the deal to fund exploration and development activities.
Issuer: | Highview Resources Ltd.
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Issue: | Stock
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Amount: | C$1.78 million
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Shares: | 5,929,499 flow-through shares
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Price: | C$0.30
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Warrants: | No
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Underwriters: | Jennings Capital Inc. and Canaccord Capital Corp.
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Announcement date: | Nov. 22
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Settlement date: | Dec. 16
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Stock price: | C$0.23 at close Nov. 19 (last trade)
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