By Devika Patel
Knoxville, Tenn., June 15 - Aston Hill Financial Inc. said it plans a private placement of units for approximately C$3.6 million.
The company will sell approximately 12 million units of one common share and one warrant at C$0.30 apiece.
The warrants are each exercisable at C$0.45 for 18 months.
Cormark Securities Inc. is the agent. There is a 15% greenshoe.
Settlement is expected July 15.
Proceeds will be used to fund the company's continuing equity interest in Sword Energy Inc. and for general corporate and working capital purposes.
Calgary, Alta.-based Aston Hill is an investment manager with a focus on the junior oil and gas sector, energy-based trusts, oil and gas property management, private equity and high-yield structured products.
| Issuer: | Aston Hill Financial Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3.6 million (approximate)
|
| Greenshoe: | For 15%
|
| Units: | 12 million (approximate)
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Agent: | Cormark Securities Inc.
|
| Pricing date: | June 15
|
| Settlement date: | July 15
|
| Stock symbol: | TSX Venture: AHF
|
| Stock price: | C$0.32 at close June 15
|
| Market capitalization: | C$19 million
|
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