Company to complete offering as part of planned qualifying transaction
By Devika Patel
Knoxville, Tenn., June 27 - KCO Capital Inc. said it will raise C$3 million in a private placement of stock conducted in connection with its qualifying transaction with Grey Hawk Exploration Inc. Canaccord is the agent.
The company will sell 6 million common shares at C$0.50 per share.
Proceeds will be used for exploration and development of the Grey Hawk oil and gas properties and general working capital requirements.
The capital pool company is based in Vancouver, B.C.
| Issuer: | KCO Capital Inc.
|
| Issue: | Common stock
|
| Amount: | C$3 million
|
| Shares: | 6 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Canaccord
|
| Pricing date: | June 27
|
| Stock symbol: | TSX Venture: KCO.P
|
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