By Devika Patel
Knoxville, Tenn., Dec. 1 - One Exploration Inc. said it will conduct a C$3 million private placement of stock. The deal priced Nov. 27.
The company will sell 4,411,800 flow-through common shares at C$0.68 apiece.
The bought deal financing was arranged with a syndicate of underwriters led by Blackmont Capital Inc. and including Tristone Capital Inc.
The underwriters have a greenshoe for an additional 735,300 shares for C$500,000.
Settlement is expected Dec. 11.
Proceeds will be used for exploration.
One Exploration is an oil and gas exploration and development company based in Calgary, Alta.
Issuer: | One Exploration Inc.
|
Issue: | Flow-through common shares
|
Amount: | C$3 million
|
Greenshoe: | C$500,000 (735,300 shares)
|
Shares: | 4,411,800
|
Price: | C$0.68
|
Warrants: | No
|
Agents: | Blackmont Capital Inc. (lead), Tristone Capital Inc.
|
Pricing date: | Nov. 27
|
Settlement date: | Dec. 11
|
Stock symbol: | TSX Venture: OE.A
|
Stock price: | C$0.30 at close Nov. 28
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.