By Sheri Kasprzak
Atlanta, March 31 - Tudor Corp. Ltd. said it has completed the C$699,825 final tranche of its overall C$4,025,000 private placement.
The company sold 399,900 shares at C$1.75 each in the second tranche of the deal.
This final tranche was part of a gypsy swap, in which a shareholder sold 399,900 shares with the intention of reinvesting the shares back into Tudor.
The company closed the first tranche of the offering on March 28 for C$3,325,175.
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$699,825
|
| Shares: | 399,900
|
| Price: | C$1.75
|
| Warrants: | No
|
| Placement agent: | Dominick & Dominick Securities Inc.
|
| Pricing date: | Feb. 16
|
| Settlement date: | March 31
|
| Stock price: | C$1.85 at close Feb. 16
|
| Stock price: | C$1.87 at close March 30
|
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