By Laura Lutz
Des Moines, Aug. 2 - BNP Resources Inc. priced a private placement of flow-through shares for up to C$2,000,040.
The company plans to sell up to 2.381 million class A flow-through shares at C$0.84 each.
Acumen Capital Finance Partners Ltd., the agent, has a greenshoe for up to 100% of the deal size.
Proceeds will be used for drilling.
Settlement is expected on Aug. 30.
BNP is an oil and natural gas exploration and development company based in Calgary, Alta.
| Issuer: | BNP Resources Inc.
|
| Issue: | Class A flow-through shares
|
| Amount: | C$2,000,040
|
| Greenshoe: | For up to 100% of deal size
|
| Shares: | 2.381 million
|
| Price: | C$0.84
|
| Warrants: | No
|
| Agent: | Acumen Capital Finance Partners Ltd.
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 30
|
| Stock symbol: | TSX Venture: BNX.A
|
| Stock price: | C$0.75 at close Aug. 2
|
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