By Devika Patel
Knoxville, Tenn., Sept. 24 - DeeThree Exploration Inc. announced that it will conduct a C$4 million private placement of shares.
The company will sell 1.6 million flow-through shares at C$2.50 per share.
Clarus Securities Inc. is the agent and has a C$1 million greenshoe.
Proceeds will be used for exploration.
DeeThree, based in Calgary, Alta., is a capital pool company.
| Issuer: | DeeThree Exploration Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$4 million
|
| Greenshoe: | C$1 million
|
| Shares: | 1.6 million
|
| Price: | C$2.50
|
| Warrants: | No
|
| Agent: | Clarus Securities Inc.
|
| Settlement date: | Sept. 24
|
| Stock symbol: | TSX Venture: DTX
|
| Stock price: | C$2.50 at close Sept. 23
|
| Market capitalization: | C$1.25 million
|
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