New York, Feb. 9 - Galleon Energy Inc. said the underwriters of its private placement of stock exercised the greenshoe in full, raising the size of the deal to C$45 million.
The offering had already been increased to C$35 million from C$25 million on the day of pricing.
Including the 938,970 shares of the over-allotment option, the deal now totals 4,225,355 shares priced at C$10.65 each.
Underwriters were led by GMP Securities Ltd. and include Sprott Securities Inc., CIBC World Markets Inc. and FirstEnergy Capital Corp.
Galleon, based in Calgary, Alta., is an oil and gas acquisition, exploration, exploitation and development company. The proceeds from the private placement will be used to fund a portion of its 2005 capital program.
| Issuer: | Galleon Energy Inc.
|
| Issue: | Class A shares
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| Amount: | C$45 million
|
| Shares: | 4,225,355 (including greenshoe)
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| Price: | C$10.65
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| Warrants: | No
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| Underwriters: | GMP Securities Ltd. (lead); Sprott Securities Inc.; CIBC World Markets Inc.; FirstEnergy Capital Corp.
|
| Pricing date: | Jan. 24
|
| Settlement date: | Feb. 10
|
| Stock price: | C$11.00 at close Jan. 21
|
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