By Sheri Kasprzak
Atlanta, Dec. 17 - Wrangler West Energy Corp. said Friday it has closed a non-brokered private placement for C$2,269,750.
The company sold 259,400 flow-through shares at C$6 each and 129,700 common shares at C$5.50 each.
A greenshoe for 9,400 flow-through shares and 4,700 shares was exercised in the offering.
The offering was announced Nov. 18 as a C$2,187,500 deal.
Wrangler is a Calgary, Alta.-based oil and gas producer. The company plans to use the proceeds from the financing to fund its 2005 exploration and development.
| Issuer: | Wrangler West Energy Corp.
|
| Issue: | Flow-through and common shares
|
| Amount: | C$2,269,750
|
| Announcement date: | Nov. 18
|
| Settlement date: | Dec. 17
|
| Stock price: | C$6.20 at close Nov. 18
|
| Stock price: | C$6.00 at close Dec. 17
|
|
|
| Flow-through shares
|
| Issue: | Flow-through shares
|
| Shares: | 259,400
|
| Price: | C$6.00
|
| Warrants: | No
|
|
|
| Common shares
|
| Issue: | Common shares
|
| Shares: | 129,700
|
| Price: | C$5.50
|
| Warrants: | No
|
|
|
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