By Laura Lutz
Washington, Dec. 19 - Defiant Resources Corp. settled its previously announced private placement for C$3,143,160, including a partially exercised greenshoe for C$501,480.
The company sold 873,100 flow-through shares at C$3.60 each, including 139,300 shares for the greenshoe.
The deal priced on Dec. 4 as a C$2.628 million sale of 730,000 flow-through shares with a greenshoe for up to 675,000 shares.
Clarus Securities Inc. acted as underwriter.
Insiders and associates of the company subscribed for C$500,000 of the offering.
Proceeds will be used for exploration.
Defiant is a Calgary, Alta.-based oil and gas company.
| Issuer: | Defiant Resources Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3,143,160
|
| Shares: | 873,100 (includes greenshoe for 139,300 shares)
|
| Price: | C$3.60
|
| Warrants: | No
|
| Underwriter: | Clarus Securities Inc.
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 19
|
| Stock symbol: | Toronto: DFR
|
| Stock price: | C$2.72 at close Dec. 4
|
| Stock price: | C$2.65 at close Dec. 19
|
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