By Sheri Kasprzak
New York, March 27 - Anterra Corp. has changed the terms on its previously announced C$2 million private placement to flow-through shares and units from flow-through shares and non flow-through shares.
The company now plans to sell 1,666,667 flow-through shares at C$0.60 each and 2 million units at C$0.50 each.
The units consist of one share and one half-share warrant, with each whole warrant exercisable at C$0.75 for 18 months.
Placement agent Haywood Securities Inc. has a greenshoe for up to C$250,000 of flow-through shares and up to C$250,000 of units.
The amended deal is slated to close April 5.
The deal priced on Feb. 16 as a C$2 million offering of 1,666,667 flow-through shares and 2 million non flow-through shares.
Proceeds will be used for the company's 2006 capital expenditure program.
Based in Calgary, Alta., Anterra is an oil and natural gas exploration company.
| Issuer: | Anterra Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$2 million
|
| Placement agent: | Haywood Securities Inc.
|
| Pricing date: | Feb. 16
|
| Amended: | March 27
|
| Settlement date: | April 5
|
| Stock symbol: | TSX Venture: ATR
|
| Stock price: | C$0.52 at close March 24
|
|
|
| Flow-through shares
|
| Shares: | 1,666,667
|
| Greenshoe: | For up to 416,666 shares
|
| Price: | C$0.60
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 2 million
|
| Greenshoe: | For up to 500,000 units
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
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