By Laura Lutz
Washington, Dec. 4 - Defiant Resources Corp. arranged a private placement of flow-through shares for C$2,628,000.
The company plans to issue 730,000 flow-through common shares at C$3.60 each.
The underwriters, a syndicate led by Clarus Securities Inc., also received a greenshoe for up to 675,000 additional flow-through shares.
Insiders and associates of the company have agreed to subscribe for $500,000 of the offering.
Proceeds will be used for exploration.
Settlement is expected on Dec. 19, subject to regulatory approvals.
Defiant is a Calgary, Alta.-based oil and gas company.
| Issuer: | Defiant Resources Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2,628,000
|
| Shares: | 730,000
|
| Greenshoe: | 675,000 shares
|
| Price: | C$3.60
|
| Warrants: | No
|
| Underwriters: | Clarus Securities Inc. (lead)
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 19
|
| Stock symbol: | Toronto: DFR
|
| Stock price: | C$2.72 at close Dec. 4
|
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