By Sheri Kasprzak
New York, Feb. 28 - Dalmac Energy Inc. said it concluded its previously announced private placement with the fully exercised greenshoe for C$6 million.
The company sold 4.8 million units at C$1.25 each, including the greenshoe for 800,000 units exercised by a syndicate of underwriters led by Research Capital Corp.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at C$1.50 for Feb. 28, 2008.
The syndicate also included Wolverton Securities Ltd. and Bolder Investment Partners, Ltd.
The deal priced on Feb. 6 as a C$5 million offering of 4 million units.
Proceeds will be used for asset acquisitions and working capital.
Based in Edmonton, Alta., Dalmac is an oil and natural gas exploration company.
| Issuer: | Dalmac Energy Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$6 million
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| Units: | 4.8 million (includes greenshoe for 800,000 units)
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| Price: | C$1.25
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.50
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| Placement agents: | Research Capital Corp. (lead), Wolverton Securities Ltd., Bolder Investment Partners, Ltd.
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 28
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| Stock symbol: | TSX Venture: DAL
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| Stock price: | C$1.30 at close Feb. 6
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| Stock price: | C$1.34 at close Feb. 28
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