Deal funds drilling in Ellerslie, Glauconite, Belly River prospects
By Devika Patel
Knoxville, Tenn., Feb. 1 - Waldron Energy Corp. said it will conduct a private placement of stock via a syndicate of underwriters led by National Bank Financial Inc. and including Acumen Capital Partners, Desjardins Securities Inc., F Haywood Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. The deal will raise C$5 million.
The company will sell 1,334,000 flow-through common shares at C$3.75 per share on a bought-deal basis. The price per share reflects a 25% premium to the Jan. 31 closing share price of C$3.00.
Settlement is expected on Feb. 18.
Proceeds will provide Waldron Energy with additional capital for drilling in its core areas targeting the Ellerslie, Glauconite and Belly River prospects.
The junior oil and gas company is based in Calgary, Alta.
| Issuer: | Waldron Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$5,002,500
|
| Shares: | 1,334,000
|
| Price: | C$3.75
|
| Warrants: | No
|
| Agents: | National Bank Financial Inc. (lead), Acumen Capital Partners, Desjardins Securities Inc., Haywood Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd.
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 18
|
| Stock symbol: | Toronto: WDN
|
| Stock price: | C$3.00 at close Jan. 31
|
| Market capitalization: | C$90.13 million
|
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