By Laura Lutz
Des Moines, Jan. 2 - Mirage Energy Ltd. settled the final tranche of its previously announced private placement of shares, bringing the total deal size to C$1,992,636.
In total, the company sold 672,139 units at C$1.70 each; 1 million flow-through shares representing Canadian Development Expenses at C$0.55 each; and 500,000 flow-through shares representing Canadian Exploration Expenses at C$0.60 each.
Each unit consists of two flow-through shares, each representing C$0.55 of Canadian Development Expenses, and one flow-through share representing C$0.60 of Canadian Exploration Expenses.
A first tranche of the placement settled on Dec. 22. That tranche included 597,139 units and 1 million flow-through shares representing Canadian Development Expenses. The remaining shares and units were sold in the final tranche, which closed on Dec. 29.
Leede Financial Markets Inc. and Blackmont Capital Inc. acted as agents for the deal.
Proceeds will be used for exploration and development.
Mirage is an oil and gas company based in Calgary, Alta.
| Issuer: | Mirage Energy Ltd.
|
| Issue: | Units of two flow-through Canadian Development Expenses shares and one flow-through Canadian Exploration Expenses share; flow-through shares representing Canadian Development Expenses; and flow-through shares representing Canadian Exploration Expenses
|
| Amount: | C$1,992,636
|
| Agents: | Leede Financial Markets Inc., Blackmont Capital Inc.
|
| Settlement date: | Dec. 22 (for C$1,565,136.30); Dec. 29 (for C$427,500)
|
| Stock symbol: | TSX Venture: MGE
|
| Stock price: | C$0.56 at close Jan. 2
|
|
|
| Units
|
| Units: | 672,139
|
| Price: | C$1.70
|
| Warrants: | No
|
|
|
| Canadian Development Expenses shares
|
| Shares: | 1 million
|
| Price: | C$0.55
|
| Warrants: | No
|
|
|
| Canadian Exploration Expenses shares
|
| Shares: | 500,000
|
| Price: | C$0.60
|
| Warrants: | No
|
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