By Sheri Kasprzak
Atlanta, June 6 - Keeper Resources Inc. said it has arranged a private placement for up to C$5.4 million.
The offering includes up to 6 million units at C$0.90 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for the purchase of an additional share at C$1.20 each for two years.
The deal is expected to close June 30.
First Associates Investments Inc. is the placement agent.
Based in Calgary, Alta., Keeper is an oil and natural gas exploration company. The proceeds will be used for a joint study and coal bed methane exploration project.
| Issuer: | Keeper Resources Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$5.4 million (maximum)
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| Units: | 6 million (maximum)
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| Price: | C$0.90
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.20
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| Placement agent: | First Associates Investments Inc.
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| Pricing date: | June 6
|
| Settlement date: | June 30
|
| Stock price: | C$0.80 at close June 3
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