Deal funds drilling, exploration; National Bank Financial is the agent
By Devika Patel
Knoxville, Tenn., May 25 - Waldron Energy Corp. said it will conduct a C$10 million private placement of stock via a syndicate of underwriters led by National Bank Financial Inc.
The company will sell 2,532,000 flow-through common shares at C$3.95 per share on a bought-deal basis. The price per share reflects a 19.7% premium to the May 24 closing share price of C$3.30.
Settlement is expected June 15.
Proceeds will be used for exploration and drilling.
The junior oil and gas company is based in Calgary, Alta.
| Issuer: | Waldron Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$10,001,400
|
| Shares: | 2,532,000
|
| Price: | C$3.95
|
| Warrants: | No
|
| Agent: | National Bank Financial Inc. (lead)
|
| Pricing date: | May 25
|
| Settlement date: | June 15
|
| Stock symbol: | Toronto: WDN
|
| Stock price: | C$3.30 at close May 24
|
| Market capitalization: | C$101.37 million
|
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