Integral Capital is selling 15 million flow-through shares at C$0.27
By Devika Patel
Knoxville, Tenn., Dec. 9 – Artisan Energy Corp. said it will conduct a C$4.05 million private placement of stock. Integral Capital Markets is the agent.
The company will sell 15 million flow-through common shares at C$0.27 apiece on a best-efforts basis. The price per share is identical to the Dec. 8 closing share price.
Settlement is expected Dec. 19.
Proceeds will be used for exploration.
The oil and gas explorer is based in Calgary, Alta.
| Issuer: | Artisan Energy Corp.
|
| Issue: | Flow-through common shares, common shares
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| Amount: | C$4.05 million
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| Shares: | 15 million
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| Price: | C$0.27
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| Warrants: | No
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| Agent: | Integral Capital Markets
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| Pricing date: | Dec. 9
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| Settlement date: | Dec. 19
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| Stock symbol: | TSX Venture: AEC
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| Stock price: | C$0.27 at close Dec. 8
|
| Market capitalization: | C$17.37 million
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