Deal funds exploration; 465,900 flow-through shares sold at C$10.75
By Devika Patel
Knoxville, Tenn., Dec. 20 - DeeThree Exploration Ltd. said it settled a C$5.01 million non-brokered private placement of stock.
The company sold 465,900 flow-through common shares at C$10.75 apiece. The price per share is a 13.28% premium to the Dec. 19 closing share price of C$9.49.
Proceeds will be used for exploration.
DeeThree, based in Calgary, Alta., is an oil and gas exploration and production company.
| Issuer: | DeeThree Exploration Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$5,008,425
|
| Shares: | 465,900
|
| Price: | C$10.75
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Dec. 20
|
| Stock symbol: | Toronto: DTX
|
| Stock price: | C$9.49 at close Dec. 19
|
| Market capitalization: | C$760.34 million
|
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