Agent Burgeonvest Bick Securities sells flow-through units at C$0.22
By Devika Patel
Knoxville, Tenn., Aug. 3 - Anterra Energy Inc. said it plans a C$2 million private placement of units. The offering will be conducted on a best-efforts basis by Burgeonvest Bick Securities Ltd.
The company will sell 9.1 million units of one flow-through class A share and one half-share warrant at C$0.22 per unit. Insiders may participate.
Each warrant will be exercisable at C$0.27 until Aug. 31, 2012. The strike price is a 42.11% premium to the Aug. 2 closing share price of C$0.19.
Settlement is expected Aug. 31.
Proceeds will be used for exploration projects, including 3-D seismic and drilling in Saskatchewan and Alberta.
Calgary, Alta.-based Anterra Energy is an oil and natural gas exploration and production company.
| Issuer: | Anterra Energy Inc.
|
| Issue: | Units of one flow-through class A share and one half-share warrant
|
| Amount: | C$2,002,000
|
| Units: | 9.1 million
|
| Price: | C$0.22
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Aug. 31, 2012
|
| Warrant strike price: | C$0.27
|
| Agent: | Burgeonvest Bick Securities Ltd.
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 31
|
| Stock symbol: | TSX Venture: AE.A
|
| Stock price: | C$0.19 at close Aug. 3
|
| Market capitalization: | C$46.74 million
|
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