Published on 5/10/2006 in the Prospect News PIPE Daily.
New Issue: Leroy Ventures settles C$6.43 million private placement of stock
By Sheri Kasprzak
New York, May 10 - Leroy Ventures Inc. has concluded a private placement for C$6,431,500.
The non-brokered deal included 3,225,238 non flow-through shares and 2.9 million flow-through shares, both sold at C$1.05 apiece.
The investors also received warrants for 4,220,238 shares, exercisable at C$1.65 each for one year.
Based in Vancouver, B.C., Leroy is an oil and natural gas exploration company.
Issuer: | Leroy Ventures Inc.
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Issue: | Flow-through and non flow-through shares
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Amount: | C$6,431,500
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Flow-through shares: | 2.9 million
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Non flow-through shares: | 3,225,238
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Price: | C$1.05
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Warrants: | For 4,220,238 shares
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Warrant expiration: | One year
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Warrant strike price: | C$1.65
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Placement agent: | Non-brokered
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Settlement date: | May 9
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Stock symbol: | TSX Venture: LRV
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Stock price: | C$1.77 at close May 9
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