By Laura Lutz
Des Moines, Nov. 17 - Accrete Energy Inc. increased the size of its previously announced private placement to C$9.156 million.
The company now plans to sell 1.09 million flow-through common shares at C$8.40 each.
The deal priced on Nov. 16 as a C$7 million offering of 835,000 flow-through shares.
The deal will be underwritten by a syndicate led by MGI Securities Inc. and including GMP Securities LP, Dundee Securities Corp., Fraser Mackenzie Ltd., Haywood Securities Inc. and Maison Placements Canada Inc.
Settlement is expected on Dec. 7, subject to regulatory approvals.
Proceeds will be used for working capital and general corporate purposes.
Accrete is an oil and gas company based in Calgary, Alta.
| Issuer: | Accrete Energy Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$9.156 million
|
| Shares: | 1.09 million
|
| Price: | C$8.40
|
| Warrants: | No
|
| Underwriters: | MGI Securities Inc. (lead), GMP Securities LP, Dundee Securities Corp., Fraser Mackenzie Ltd., Haywood Securities Inc., Maison Placements Canada Inc.
|
| Pricing date: | Nov. 16
|
| Amended: | Nov. 17
|
| Settlement date: | Dec. 7
|
| Stock symbol: | Toronto: GZ
|
| Stock price: | C$7.20 at close Nov. 16
|
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