Deal sells 5,459,545 flow-through common shares at C$0.33 per share
By Devika Patel
Knoxville, Tenn., July 30 – Waldron Energy Corp. said it raised C$1.8 million in a non-brokered private placement of stock. The deal priced for about C$1.5 million on July 11.
The company sold 5,459,545 flow-through common shares at C$0.33 apiece, a 13.79% premium to the closing share price of C$0.29 on July 10.
Proceeds will be used for exploration.
Waldron, based in Calgary, Alta., explores for, develops and produces petroleum and natural gas.
| Issuer: | Waldron Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,801,650
|
| Shares: | 5,459,545
|
| Price: | C$0.33
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 11
|
| Settlement date: | July 30
|
| Stock symbol: | Toronto: WDN
|
| Stock price: | C$0.29 at close July 10
|
| Market capitalization: | C$16.03 million
|
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