By Sheri Kasprzak
Atlanta, Feb. 16 - Tudor Corp. Ltd. said it plans to raise C$4,025,000 in a private placement of stock.
The offering includes 2.3 million shares at C$1.75 each.
The deal, which is being placed through agent Dominick & Dominick Securities Inc., is scheduled to close March 4.
Based in Calgary, Alta., Tudor is an oil and gas exploration company. The proceeds from the private placement will be used for its 2005 drilling program.
| Issuer: | Tudor Corp. Ltd.
|
| Issue: | Stock
|
| Amount: | C$4,025,000
|
| Shares: | 2.3 million
|
| Price: | C$1.75
|
| Warrants: | No
|
| Placement agent: | Dominick & Dominick Securities Inc.
|
| Pricing date: | Feb. 16
|
| Settlement date: | March 4
|
| Stock price: | C$1.85 at close Feb. 16
|
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