By Devika Patel
Knoxville, Tenn., Sept. 24 - Triton Energy Corp. announced it has entered into an agreement with a syndicate of underwriters led by Acumen Capital Finance Partners Ltd. and including Canaccord Capital Corp. and CIBC World Markets Inc. for a C$4 million private placement of shares.
The company sold 5,555,556 flow-through common shares at C$0.72 apiece.
Settlement is expected around Oct. 16.
Proceeds will be used for exploration.
Triton is an oil and natural gas company based in Calgary, Alta.
| Issuer: | Triton Energy Corp.
|
| Issue: | Stock
|
| Amount: | C$4 million
|
| Shares: | 5,555,556
|
| Price: | C$0.72
|
| Warrants: | No
|
| Underwriters: | Acumen Capital Finance Partners Ltd. (lead), Canaccord Capital Corp. and CIBC World Markets Inc.
|
| Pricing date: | Sept. 24
|
| Stock symbol: | TSX Venture: TEZ
|
| Stock price: | C$0.60 at close Sept. 21
|
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