By Laura Lutz
Des Moines, Jan. 10 - BrazAlta Resources Corp. settled a previously announced private placement of units for C$10,000,800, including a fully exercised greenshoe for C$3 million.
The company sold 8.334 million units of one share and one half-share warrant at C$1.20 per unit. Each whole warrant is exercisable at C$2.00 for 18 months.
The deal priced on Dec. 21 as a C$7,000,800 offering of 5.834 million units with a greenshoe for 2.5 million units.
The deal was underwritten by a syndicate led by Westwind Partners Inc. and including FirstEnergy Capital Corp.
BrazAlta is an oil and gas exploration company based in Calgary, Alta.
| Issuer: | BrazAlta Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$10,000,800
|
| Units: | 8.334 million (includes greenshoe for 2.5 million)
|
| Price: | C$1.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$2.00
|
| Underwriters: | Westwind Partners Inc. (lead), FirstEnergy Capital Corp.
|
| Pricing date: | Dec. 21
|
| Settlement date: | Jan. 10
|
| Stock symbol: | TSX Venture: BRX
|
| Stock price: | C$1.22 at close Dec. 21
|
| Stock price: | C$1.02 at close Jan. 9
|
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