By Sheri Kasprzak
New York, June 16 - Crossfire Holdings Inc. said it has pocketed C$8,250,790 so far from its previously announced private placement.
The company issued 8,250,790 units of one share and one half-share warrant. Each whole warrant is exercisable at C$1.30 for one year.
The offering was placed through agents Jennings Capital Inc. and Maison Placements Canada Inc.
The deal priced on March 6 as a C$10 million offering. The deal will continue through June 30.
Proceeds will be used for the company's acquisitions of Waylan Maintenance Ltd., Pro-V Industries Inc. and Dynacorp Fabricators Inc. The rest will be used for general corporate purposes.
On Friday, the company announced that those acquisitions had closed.
Calgary, Alta.-based Crossfire acquires and develops oil and natural gas service and technology companies.
| Issuer: | Crossfire Holdings Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$8,250,790
|
| Units: | 8,250,790
|
| Price: | C$1.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.30
|
| Placement agent: | Jennings Capital Inc. and Maison Placements Canada Inc.
|
| Pricing date: | March 6
|
| Settlement date: | June 16
|
| Stock symbol: | TSX Venture: CFE
|
| Stock price: | C$0.305 at close March 3
|
| Stock price: | C$0.81 at close June 15
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