By Devika Patel
Knoxville, Tenn., April 15 - Enseco Energy Services Corp. said it has priced a C$5 million private placement of shares, which was announced April 2.
The company will sell 11.12 million common shares at C$0.45 apiece.
FirstEnergy Capital Corp. is the agent. Settlement is expected April 24.
Proceeds will be used to fund the corporation's capital expenditure program, repay debt and for general corporate purposes.
Enseco is an oil and gas company based in Calgary, Alta.
| Issuer: | Enseco Energy Services Corp.
|
| Issue: | Common shares
|
| Amount: | C$5,004,000
|
| Shares: | 11.12 million
|
| Price: | C$0.45
|
| Warrants: | No
|
| Agent: | FirstEnergy Capital Corp.
|
| Announcement date: | April 2
|
| Pricing date: | April 15
|
| Settlement date: | April 24
|
| Stock symbol: | TSX Venture: ENS
|
| Stock price: | C$0.50 at close Oct. 19
|
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