By Laura Lutz
Washington, Dec. 21 - Silverwing Energy Inc. completed its previously announced placement of flow-through shares for C$6,960,228, including a partially exercised greenshoe for C$2,460,228.
The company sold 5,272,900 flow-through shares at C$1.32 each, including 1,863,809 issued for the greenshoe.
The deal priced on Dec. 5 as a C$4.5 million offering of 3,409,091 flow-through shares with a greenshoe for an additional 3,409,091 flow-through shares.
The deal was underwritten by a syndicate led by Acumen Capital Finance Partners Ltd. and including Orion Securities Inc. and Westwind Partners Inc.
Proceeds will be used for exploration on the company's Tomahawk project in Alberta.
Silverwing is an oil and gas company based in Calgary, Alta.
The company plans to sell 3,409,091 flow-through common shares at C$1.32 per share.
| Issuer: | Silverwing Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$6,960,228
|
| Shares: | 5,272,900 (includes greenshoe for 1,863,809 shares)
|
| Price: | C$1.32
|
| Warrants: | No
|
| Agents: | Acumen Capital Finance Partners Ltd. (lead), Orion Securities Inc., Westwind Partners Inc.
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 21
|
| Stock symbol: | Toronto: SVW
|
| Stock price: | C$1.13 at close Dec. 5
|
| Stock price: | C$1.10 at close Dec. 21
|
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