By Devika Patel
Knoxville, Tenn., Sept. 1 - Argosy Energy Inc. said it will conduct a C$5.25 million private placement of special warrants.
The financing will be conducted by a syndicate of underwriters led by National Bank Financial Inc. and including Canaccord Capital Corp. and Maison Placements Canada Inc. There is a C$750,000 greenshoe.
The company will sell 4.2 million special warrants at C$1.25 apiece.
The special warrants are exercisable upon closing into common shares for no additional fee.
Proceeds will be used for the expansion of the capital programs in the Claresholm, Pearce, Saxon and Ansel/Edson areas of Alberta.
Argosy is a junior oil and gas company in Calgary, Alta.
| Issuer: | Argosy Energy Inc.
|
| Issue: | Special warrants
|
| Amount: | C$5.25 million
|
| Greenshoe: | C$750,000
|
| Warrants: | 4.2 million
|
| Price: | C$1.25
|
| Underwriters: | National Bank Financial Inc. (lead), Canaccord Capital Corp. and Maison Placements Canada Inc.
|
| Pricing date: | Sept. 1
|
| Stock symbol: | Toronto: GSY
|
| Stock price: | C$1.26 at close Aug. 31
|
| Market capitalization: | C$7.38 million
|
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