By Sheri Kasprzak
New York, Feb. 24 - Avery Resources Inc. said it has settled its previously announced private placement, including the exercise of the over-allotment option, for C$2.3 million.
The company issued 5.75 million shares at C$0.40 each, including the greenshoe for 750,000 shares exercised by placement agent Canaccord Capital Corp.
The company closed a separate stock offering under a short-form prospectus for 5 million shares at $0.40, bringing the total proceeds to C$4.3 million.
Calgary, Alta.-based Avery is an oil and natural gas exploration company.
| Issuer: | Avery Resources Inc.
|
| Issue: | Stock
|
| Amount: | C$2.3 million
|
| Shares: | 5.75 million (includes greenshoe 750,000 shares)
|
| Price: | C$0.40
|
| Warrants: | No
|
| Placement agent: | Canaccord Capital Corp.
|
| Settlement date: | Feb. 24
|
| Stock symbol: | TSX Venture: ARY
|
| Stock price: | C$0.84 at close Feb. 24
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
