By Sheri Kasprzak
New York, May 30 - Eagle Rock Exploration Ltd. has added a greenshoe to its previously announced C$6 million private placement.
Placement agent Acumen Capital Finance Partners Ltd. will now have a greenshoe for up to 1,372,116 shares. The shares may either be flow-through or non flow-through shares.
The placement itself includes up to 1,923,077 non flow-through shares at C$1.30 each; 689,655 Canadian development expenses flow-through shares at C$1.45 each; and 1,515,152 Canadian exploration expenses flow-through shares at C$1.65 each.
The deal is scheduled to close June 15.
Proceeds from the flow-through shares will be used for the development and exploration of Eagle Rock's Canadian properties.
Calgary, Alta.-based Eagle Rock is an oil and natural gas exploration company.
| Issuer: | Eagle Rock Exploration Ltd.
|
| Issue: | Non flow-through, CDE and CEE flow-through shares
|
| Amount: | C$6 million
|
| Greenshoe: | For 1,372,116 shares (flow-through or non flow-through)
|
| Placement agent: | Acumen Capital Finance Partners Ltd.
|
| Pricing date: | May 30
|
| Settlement date: | June 15
|
| Stock symbol: | TSX Venture: ERX
|
| Stock price: | C$1.54 at close May 29
|
| Stock price: | C$1.50 at close May 30
|
|
|
| Non flow-through shares
|
| Shares: | 1,923,077
|
| Price: | C$1.30
|
| Warrants: | No
|
|
|
| CDE flow-through shares
|
| Shares: | 689,655
|
| Price: | C$1.45
|
| Warrants: | No
|
|
|
| CEE flow-through shares
|
| Shares: | 1,515,152
|
| Price: | C$1.65
|
| Warrants: | No
|
|
|
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