By Laura Lutz
Washington, Dec. 6 - Mirage Energy Ltd. increased the maximum size of its previously announced private placement of units, which will now raise up to C$4.93 million and at least C$3.06 million.
The company plans to sell up to 2.9 million units and at least 1.8 million units at C$1.70 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.
The agents, Leede Financial Markets Inc. and Blackmont Capital Inc., have an over-allotment option for up to 240,000 units for additional proceeds of $408,000.
The deal priced on Nov. 13 as an offering of up to 2.4 million units for up to C$4.08 million.
Proceeds will be used to fund exploration and development.
Settlement is now expected on Dec. 14. It was originally planned for Nov. 28.
Mirage is an oil and gas company based in Calgary, Alta.
| Issuer: | Mirage Energy Ltd.
|
| Issue: | Units 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
|
| Amount: | C$4.93 million (maximum); C$3.06 million (minimum)
|
| Units: | 2.9 million (maximum); 1.8 million (minimum)
|
| Greenshoe: | For 240,000 units
|
| Price: | C$1.70
|
| Warrants: | No
|
| Agents: | Leede Financial Markets Inc., Blackmont Capital Inc.
|
| Pricing date: | Nov. 13
|
| Upsized: | Dec. 6
|
| Settlement date: | Dec. 14
|
| Stock symbol: | TSX Venture: MGE
|
| Stock price: | C$0.50 at close Nov. 13
|
| Stock price: | C$0.53 at close Dec. 6
|
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