By Sheri Kasprzak
New York, Dec. 20 - Trigon Exploration Canada Ltd. said it closed its previously announced private placement for C$1,124,948.
The company sold 5,113,400 flow-through shares at C$0.22 each, including a greenshoe for 427,500 shares exercised by placement agent Westwind Partners Inc.
The deal was first announced Dec. 5 as a C$1,030,898 offering of up to 4,685,900 shares under the same terms. Westwind had been granted a greenshoe for up to C$250,000.
Proceeds will be used for Canadian exploration expenses.
Based in Kelowna, B.C., Trigon is a diamond exploration company.
| Issuer: | Trigon Exploration Canada Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1,124,948
|
| Shares: | 5,113,400 (includes greenshoe for 427,500 shares)
|
| Price: | C$0.22
|
| Warrants: | No
|
| Placement agent: | Westwind Partners Inc.
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 20
|
| Stock price: | C$0.21 at close Dec. 5
|
| Stock price: | C$0.195 at close Dec. 20
|
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