By Sheri Kasprzak
New York, March 17 - Leroy Ventures Inc. said it has concluded for C$2,106,937 its previously announced private placement.
The company sold 4,957,500 units at C$0.425 each.
The units consist of one share and one half-share warrant with the whole warrants exercisable at C$0.80 each for one year.
The deal priced on Dec. 22 as a C$2,125,000 offering of up to 5 million units.
Proceeds from the financing will be used for an acquisition.
Based in Vancouver, B.C., Leroy is an oil and natural gas exploration company.
| Issuer: | Leroy Ventures Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2,106,937
|
| Units: | 4,957,500
|
| Price: | C$0.425
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.80
|
| Pricing date: | Dec. 22
|
| Settlement date: | March 16
|
| Stock symbol: | TSX Venture: LRV
|
| Stock price: | C$0.90 at close Dec. 22
|
| Stock price: | C$1.35 at close March 16
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
