By Laura Lutz
Des Moines, July 23 - Spitfire Energy Ltd. priced an additional C$460,000 tranche of its previously announced private placement of flow-through shares, bringing the total deal size to C$2.46 million.
In total, the company now plans to sell 4.1 million flow-through shares at C$0.60 each.
The first tranche, which settled on July 16, consisted of 3,333,334 flow-through shares.
Acumen Capital Partners is the agent.
Spitfire also priced a non-brokered placement for C$804,000. That deal will include up to 1.34 million flow-through shares at the same price.
Spitfire is a Calgary, Alta.-based oil and gas company.
| Issuer: | Spitfire Energy Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.46 million
|
| Shares: | 4.1 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agent: | Acumen Capital Partners
|
| Settlement date: | July 16 (for C$2 million)
|
| Upsized: | July 23
|
| Stock symbol: | TSX Venture: SEL
|
| Stock price: | C$0.55 at close July 16
|
| Stock price: | C$0.50 at close July 23
|
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