By Laura Lutz
Des Moines, May 14 - Newstrike Capital Inc. increased the size of its planned private placement of shares to C$20 million from C$15 million.
The company plans to sell 16 million common shares at C$1.25 each.
Haywood Securities Inc. is the agent.
The placement, which first priced on May 2, is expected to settle concurrently with Newstrike's reverse takeover of Stans Energy Corp.
Vancouver, B.C.-based Newstrike, which will change its name to Stans Energy Corp. after the acquisition, currently has no significant operations. Stans is a mining exploration and development company based in Toronto.
| Issuer: | Newstrike Capital Inc.
|
| Issue: | Shares
|
| Amount: | C$20 million
|
| Shares: | 16 million
|
| Price: | C$1.25
|
| Warrants: | No
|
| Agent: | Haywood Securities Inc.
|
| Pricing date: | May 2
|
| Upsized: | May 14
|
| Stock symbol: | TSX Venture: NES.H
|
| Stock price: | C$1.55 at close May 11
|
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