By Sheri Kasprzak
Atlanta, March 29 - Highview Resources Ltd. said it plans to raise up to C$4.5 million in a private placement.
The offering includes up to 10,714,286 common shares at C$0.28 each and 4,545,455 flow-through common shares at C$0.33 each.
Jennings Capital Inc. is the placement agent.
The offering is expected to close April 30.
Based in Calgary, Alta., Highview is an oil and natural gas exploration, acquisition, exploitation and development company. It will use the proceeds from the deal for exploration and development.
| Issuer: | Highview Resources Ltd.
|
| Issue: | Common and flow-through shares
|
| Amount: | C$4.5 million (maximum)
|
| Placement agent: | Jennings Capital Inc.
|
| Pricing date: | March 28
|
| Settlement date: | April 30
|
| Stock price: | C$0.30 at close March 28
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 4,545,455
|
| Price: | C$0.33
|
| Warrants: | No
|
|
|
| Common shares
|
| Issue: | Common shares
|
| Shares: | 10,714,286
|
| Price: | C$0.28
|
| Warrants: | No
|
|
|
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