By Sheri Kasprzak
Atlanta, April 4 - Marauder Resources East Coast Inc. said it has priced its previously announced C$26 million private placement.
The company plans to sell 13,333,333 flow-through shares at C$1.50 each and 4 million units at C$1.50 each.
The units include one share and one half-share warrant. The full warrants allow for an additional share at C$2 each for 18 months.
Dundee Securities Corp. is the placement agent in the offering.
Based in Calgary, Alta., Marauder is an oil and natural gas exploration and development company. It plans to use the proceeds from the deal for drilling on a well offshore of Nova Scotia.
| Issuer: | Marauder Resources East Coast Inc.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$26 million
|
| Placement agent: | Dundee Securities Corp.
|
| Pricing date: | April 4
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| Stock price: | C$1.53 at close April 4
|
|
|
| Flow-through shares
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| Issue: | Flow-through common shares
|
| Shares: | 13,333,333
|
| Price: | C$1.50
|
| Warrants: | No
|
|
|
| Units
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| Issue: | Units of one share and one half-share warrant
|
| Units: | 4 million
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| Price: | C$1.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
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| Warrant strike price: | C$2
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