By Sheri Kasprzak
New York, Dec. 7 - Zenas Energy Corp. said it plans to raise C$10.08 million from a private placement of flow-through shares.
The offering includes 1.6 million shares at C$6.30 each.
The deal is being placed through a syndicate of underwriters led by GMP Securities, LP and Orion Securities Inc., and including Canaccord Capital Corp., Salman Partners Inc. and Westwind Partners Inc.
The private placement is slated to close Dec. 20.
Proceeds will be used for exploration and development expenses on the company's properties.
Calgary, Alta.-based Zenas is an oil and natural gas exploration company.
| Issuer: | Zenas Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$10.08 million
|
| Shares: | 1.6 million
|
| Price: | C$6.30
|
| Warrants: | No
|
| Underwriters: | GMP Securities, LP (co-lead), Orion Securities Inc. (co-lead); Canaccord Capital Corp., Salman Partners Inc., Westwind Partners Inc.
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 20
|
| Stock price: | C$5.25 at close Dec. 7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
