Agent Richardson is selling 13,333,333 common shares at C$0.15 apiece
By Devika Patel
Knoxville, Tenn., July 20 – Artisan Energy Corp. said it plans a C$2 million private placement of stock. Richardson GMP Ltd. is the agent.
The company will sell 13,333,333 common shares at C$0.15 apiece on a commercially reasonable efforts basis. The price per share is identical to the July 17 closing share price.
Settlement is expected July 31.
Proceeds will be used to repay Artisan's mezzanine loan facility and for general working capital purposes.
The oil and gas explorer is based in Calgary, Alta.
| Issuer: | Artisan Energy Corp.
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| Issue: | Common shares
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| Amount: | C$2 million
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| Shares: | 13,333,333
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| Price: | C$0.15
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| Warrants: | No
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| Agent: | Richardson GMP Ltd.
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| Pricing date: | July 20
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| Settlement date: | July 31
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| Stock symbol: | TSX Venture: AEC
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| Stock price: | C$0.15 at close July 17
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| Market capitalization: | C$16.31 million
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