By Sheri Kasprzak
Atlanta, Dec. 13 - Keeper Resources Inc. said Monday it plans to raise C$2 million in a private placement.
The company will issue up to 2.2 million units at C$0.50 each and 1.5 million flow-through shares at C$0.60 each.
The units include one share and one half-share warrant. The whole warrants allow for an additional share at C$0.65 for 18 months.
First Associates Investments Inc. is the placement agent in the deal, which will be offered through a short-form offering document to buyers in Alberta and British Columbia.
Keeper is a Calgary, Alta.-based oil and natural gas exploration company. It plans to use the proceeds from the deal to advance its farming program in the Bittern Lake area of Alberta and to assess international oil and gas opportunities.
| Issuer: | Keeper Resources Inc.
|
| Issue: | Units and flow-through shares
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| Amount: | C$2 million
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| Placement agent: | First Associates Investments Inc.
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| Announcement date: | Dec. 13
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| Stock price: | C$0.45 at close Dec. 13
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|
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| Units
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| Issue: | Units of one share and one half-share warrant
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| Units: | 2.2 million
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| Price: | C$0.50
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.65
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| Flow-through shares
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| Issue: | Flow-through common shares
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| Shares: | 1.5 million
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| Price: | C$0.60
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| Warrants: | No
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