By Sheri Kasprzak
New York, Sept. 9 - Trimox Energy Inc. said it has arranged a private placement for C$4.95 million.
The company plans to sell 2.2 million class A shares at C$2.25 each.
Some insiders of the company will buy about C$550,000 of the offering.
FirstEnergy Capital Corp. is the placement agent for the deal, which is scheduled to close Oct. 14.
The proceeds will be used to develop Trimox's Retlaw, Worsley and Niton properties.
Based in Calgary, Alta., Trimox is an oil and natural gas exploration company.
| Issuer: | Trimox Energy Inc.
|
| Issue: | Stock
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| Amount: | C$4.95 million
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| Shares: | 2.2 million
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| Price: | C$2.25
|
| Warrants: | No
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| Placement agent: | FirstEnergy Capital Corp.
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| Pricing date: | Sept. 9
|
| Settlement date: | Oct. 14
|
| Stock price: | C$2.50 at close Sept. 8
|
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