By Devika Patel
Knoxville, Tenn., March 6 - Lynden Energy Corp. said it plans to conduct a C$1.75 million non-brokered private placement of units.
The company will sell 2.5 million units of one common share and one warrant at C$0.70 apiece. Each two-year warrant will be exercisable at C$1.00 in the first year and C$1.25 in the second year.
Toronto-based Lynden Energy is a petroleum and natural gas company.
| Issuer: | Lynden Energy Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.75 million
|
| Units: | 2.5 million
|
| Price: | C$0.70
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00 in the first year and C$1.25 in the second year
|
| Agent: | Non-brokered
|
| Pricing date: | March 6
|
| Stock symbol: | TSX Venture: LVL
|
| Stock price: | C$0.73 at close March 5
|
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