By Sheri Kasprzak
New York, Oct. 18 - Opti Canada Inc. said it has arranged a private placement for C$30,187,500.
The company intends to sell 575,000 flow-through shares at C$52.50 each.
A syndicate of underwriters led by RBC Capital Markets and including TD Securities Inc., FirstEnergy Capital Corp., CIBC World Markets, Raymond James Ltd., Scotia Capital Inc. and Tristone Capital Inc. will place the offering. The deal slated to close Nov. 2.
Proceeds will be used for Canadian exploration expenses on properties in the Athabasca area of Alberta.
Based in Calgary, Alta., Opti is an oil and natural gas exploration company.
Issuer: | Opti Canada Inc.
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Issue: | Flow-through shares
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Amount: | C$30,187,500
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Shares: | 575,000
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Price: | C$52.50
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Warrants: | No
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Underwriters: | RBC Capital Markets (lead); TD Securities Inc.; FirstEnergy Capital Corp.; CIBC World Markets; Raymond James Ltd.; Scotia Capital Inc.; Tristone Capital Inc.
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Pricing date: | Oct. 18
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Settlement date: | Nov. 2
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Stock price: | C$39.45 at close Oct. 17
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