By Sheri Kasprzak
New York, July 19 - Eastshore Energy Ltd. priced a C$10 million private placement.
The offering includes up to 8 million shares at C$1.25 each.
Jennings Capital Inc., the placement agent, has a greenshoe for up to 2 million additional shares.
The deal is slated to close in mid-August.
Proceeds will be used for ongoing exploration and development.
Calgary, Alta.-based Eastshore is an oil and natural gas exploration, development and production company.
| Issuer: | Eastshore Energy Ltd.
|
| Issue: | Stock
|
| Amount: | C$10 million (maximum)
|
| Shares: | 8 million (maximum)
|
| Greenshoe: | For 2 million shares
|
| Price: | C$1.25
|
| Warrants: | No
|
| Placement agent: | Jennings Capital Inc.
|
| Pricing date: | July 19
|
| Stock symbol: | TSX Venture: EST
|
| Stock price: | C$1.30 at close July 19
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
