By Laura Lutz
Des Moines, May 14 - Bellamont Exploration Ltd. negotiated a private placement of shares for C$10 million.
The company plans to sell 10 million class A common shares at C$1.00 each.
A syndicate led by GMP Securities LP and including Tristone Capital Inc. and FirstEnergy Capital will underwrite the deal.
Settlement is expected on May 29.
Most of the proceeds will be used for development and exploration, including drilling. Some may also be used for future strategic acquisitions.
Bellamont is an oil and gas company based in Calgary, Alta.
| Issuer: | Bellamont Exploration Ltd.
|
| Issue: | Class A common shares
|
| Amount: | C$10 million
|
| Shares: | 10 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Underwriters: | GMP Securities LP (lead), Tristone Capital Inc., FirstEnergy Capital
|
| Pricing date: | May 14
|
| Settlement date: | May 29
|
| Stock symbol: | TSX Venture: BMX.A
|
| Stock price: | C$0.88 at close May 11
|
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