By Devika Patel
Knoxville, Tenn., Nov. 4 - Bellamont Exploration Ltd. said it plans a private placement of stock for C$2 million.
The company will sell 2.8 million flow-through class A shares at C$0.714 each.
Settlement is expected Nov. 6.
Proceeds will be used for exploration and development.
Bellamont is an oil and gas exploration and development company based in Calgary, Alta.
| Issuer: | Bellamont Exploration Ltd.
|
| Issue: | Flow-through class A shares
|
| Amount: | C$2 million
|
| Shares: | 2.8 million
|
| Price: | C$0.714
|
| Warrants: | No
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 6
|
| Stock symbol: | TSX Venture: BMX.A
|
| Stock price: | C$0.65 at close Nov. 3
|
| Market capitalization: | C$31.3 million
|
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