By Laura Lutz
Washington, Feb. 9 - Bronco Energy Ltd. priced its previously announced private placement of shares for up to C$56.8 million.
The company plans to sell up to 8 million shares at C$7.10 each.
The placement will be conducted through a syndicate led by RBC Dominion Securities Inc. and including TD Securities Inc., Lightyear Capital Inc., MGI Securities Inc. and Westwind Partners Inc.
The placement was announced on Feb. 5 as a planned offering for up to C$50 million. Settlement is expected on Feb. 20.
Proceeds will be used for exploration, development and acquisitions as well as for general corporate purposes.
Bronco is an energy company based in Calgary, Alta.
| Issuer: | Bronco Energy Ltd.
|
| Issue: | Shares
|
| Amount: | C$56.8 million
|
| Shares; | 8 million
|
| Price: | C$7.10
|
| Agents: | RBC Dominion Securities Inc. (lead), TD Securities Inc., Lightyear Capital Inc., MGI Securities Inc., Westwind Partners Inc.
|
| Announcement date: | Feb. 5
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 20
|
| Stock symbol: | TSX Venture: BCF
|
| Stock price: | C$7.42 at close Feb. 8
|
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