By Laura Lutz
Des Moines, Nov. 8 - WIN Energy Corp. closed its previously announced private placement for C$10 million, including a fully exercised greenshoe for C$2 million.
The company sold 5.65 million flow-through shares at C$1.77 each.
The deal priced on Oct. 17 as a C$5 million offering of 2.825 million shares. On Oct. 18, it was upsized to an C$8 million offering of 4.52 million flow-through shares. The greenshoe was also downsized to its final size of 1.13 million shares from 1.695 million shares.
The deal was underwritten by a syndicate led by CIBC World Markets Inc. and Jennings Capital Inc. and including Canaccord Capital Corp. and GMP Securities LP.
Proceeds will be used for exploration and drilling.
Calgary, Alta.-based WIN is a natural gas exploration company.
| Issuer: | WIN Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$10 million
|
| Shares: | 5.65 million (includes greenshoe for 1.13 million)
|
| Price: | C$1.77
|
| Warrants: | No
|
| Underwriters: | CIBC World Markets Inc. (lead), Jennings Capital Inc. (lead), Canaccord Capital Corp., GMP Securities LP
|
| Pricing date: | Oct. 17
|
| Amended | Oct. 18
|
| Settlement date: | Nov. 8
|
| Stock symbol: | TSX Venture: WNR
|
| Stock price: | C$1.47 at close Oct. 17
|
| Stock price: | C$1.45 at close Nov. 7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
