By Sheri Kasprzak
Atlanta, June 6 - Birchcliff Energy Ltd. said it has completed a C$10 million private placement of stock.
The company sold 2 million flow-through shares at C$5.00 each.
The deal was completed through a syndicate of underwriters led by GMP Securities Ltd. and including Sprott Securities Inc. and Scotia Capital Inc.
Birchcliff is a Calgary, Alta.-based oil and gas company.
| Issuer: | Birchcliff Energy Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$10 million
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| Shares: | 2 million
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| Price: | C$5.00
|
| Warrants: | No
|
| Underwriters: | GMP Securities Ltd. (lead); Sprott Securities Inc.; Scotia Capital Inc.
|
| Settlement date: | June 3
|
| Stock price: | C$3.73 at close June 3
|
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