By Laura Lutz
Washington, Feb. 21 - Triton Energy Corp. arranged a private placement of flow-through shares for C$5 million.
The company plans to sell 2,439,024 flow-through shares at C$2.05 each.
The deal will be placed through a syndicate of underwriters led by Acumen Capital Finance Partners Ltd. and including Canaccord Capital Corp., CIBC World Markets Inc. and Blackmont Capital Inc.
Settlement is expected on March 13.
Proceeds will be used for exploration.
Triton is an oil and natural gas company based in Calgary, Alta.
| Issuer: | Triton Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$5 million
|
| Shares: | 2,439,024
|
| Price: | C$2.05
|
| Warrants: | No
|
| Underwriters: | Acumen Capital Finance Partners Ltd. (lead), Canaccord Capital Corp., CIBC World Markets Inc., Blackmont Capital Inc.
|
| Pricing date: | Feb. 21
|
| Settlement date: | March 13
|
| Stock symbol: | TSX Venture: TEZ
|
| Stock price: | C$1.67 at close Feb. 20
|
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