By Sheri Kasprzak
New York, Dec. 13 - WaveForm Energy Ltd. said it intends to raise C$5,000,006 in a private placement.
The company plans to sell up to 1,470,590 class A flow-through shares at C$3.40 each.
The deal is being placed through a syndicate of agents led by Raymond James Ltd. and CIBC World Markets Inc. and including MGI Securities Inc.
The offering is expected to close Dec. 31.
Proceeds will be used for the company's ongoing capital program.
WaveForm, based in Calgary, Alta., is an oil and natural gas exploration, acquisition and development company.
| Issuer: | WaveForm Energy Ltd.
|
| Issue: | Class A flow-through shares
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| Amount: | C$5,000,006
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| Shares: | 1,470,590
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| Price: | C$3.40
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| Warrants: | No
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| Placement agents: | Raymond James Ltd. (co-lead), CIBC World Markets Inc. (co-lead); MGI Securities Inc.
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 31
|
| Stock price: | C$2.90 at close Dec. 13
|
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