By Sheri Kasprzak
New York, Jan. 9 - Open Range Capital Corp. said it plans to raise C$2 million in a private placement and announced the completion of a C$1,046,500 stock deal.
In the new deal, the company said it intends to sell up to 10 million shares at C$0.20 each.
Open Range also said Monday that it has settled an oversubscribed private placement of 4,186,000 flow-through shares at C$0.25 each.
Also Monday, Open Range said its name has been changed to Open Range Capital Corp. from Open Range Resources Ltd. now that its merger with Siga Resources Ltd. has been completed.
Based in Calgary, Alta., Open Range is an oil and natural gas exploration company.
| Issuer: | Open Range Capital Corp.
|
| Issue: | Stock
|
| Amount: | C$2 million (maximum)
|
| Shares: | 10 million (maximum)
|
| Price: | C$0.20
|
| Warrants: | No
|
| Pricing date: | Jan. 9
|
| Stock price: | C$0.20 at close Jan. 9
|
|
|
| Issuer: | Open Range Capital Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1,046,500
|
| Shares: | 4,186,000
|
| Price: | C$0.25
|
| Warrants: | No
|
| Settlement date: | Jan. 9
|
| Stock price: | C$0.20 at close Jan. 9
|
|
|
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