By Sheri Kasprzak
New York, Jan. 9 - Hyduke Energy Services Inc. said it has completed a private placement for C$10,002,700.
The company sold 4,349,000 units at C$2.30 each.
The units include one share and one half-share warrant. The whole warrants are exercisable at C$3.25 each for 18 months.
Westwind Partners Inc., Dundee Securities Corp. and MGI Securities Inc. were the placement agents.
Based in Edmonton, Alta., Hyduke provides oilfield equipment and services to the oil and natural gas exploration sector.
| Issuer: | Hyduke Energy Services Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$10,002,700
|
| Units: | 4,349,000
|
| Price: | C$2.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$3.25
|
| Placement agents: | Westwind Partners Inc., Dundee Securities Corp. and MGI Securities Inc.
|
| Settlement date: | Jan. 9
|
| Stock price: | C$3.29 at close Jan. 9
|
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