By Sheri Kasprzak
New York, Jan. 10 - Open Range Energy Corp. said it completed its previously announced private placement, including a fully exercised over-allotment option, for C$7,008,250.
The company sold 1,649,000 shares at C$4.25 each.
A syndicate of underwriters led by GMP Securities LP and including Sprott Securities Inc., Haywood Securities Inc. and Tristone Capital Inc. exercised a greenshoe for 472,000 shares.
The deal was priced on Dec. 14 as a C$5,002,250 offering under the same terms.
Proceeds will be used for exploration and development activities.
Based in Calgary, Alta., Open Range is an oil and natural gas exploration company.
| Issuer: | Open Range Energy Corp.
|
| Issue: | Stock
|
| Amount: | C$7,008,250
|
| Shares: | 1,649,000 (includes greenshoe for 472,000 shares)
|
| Price: | C$4.25
|
| Warrants: | No
|
| Underwriters: | GMP Securities LP (lead), Sprott Securities Inc., Haywood Securities Inc., Tristone Capital Inc.
|
| Pricing date: | Dec. 14
|
| Settlement date: | Jan. 10
|
| Stock price: | C$4.65 at close Dec. 14
|
| Stock price: | C$4.78 at close Jan. 10
|
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