By Laura Lutz
Washington, Nov. 30 - ExAlta Energy Inc. priced a private placement for C$10.1 million.
The company plans to sell 2 million flow-through shares at C$5.05 each.
The deal is underwritten by a syndicate led by FirstEnergy Capital Corp. and including Raymond James Ltd., MGI Securities Inc., Tristone Capital Inc. and Peters & Co. Ltd.
Settlement is expected on Dec. 21, subject to regulatory approvals.
Proceeds will be used for exploration on the company's properties.
ExAlta is an oil and gas exploration company based in Calgary, Alta.
| Issuer: | ExAlta Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$10.1 million
|
| Shares: | 2 million
|
| Price: | C$5.05
|
| Warrants: | No
|
| Underwriters: | FirstEnergy Capital Corp. (lead), Raymond James Ltd., MGI Securities Inc., Tristone Capital Inc., Peters & Co. Ltd.
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 21
|
| Stock symbol: | Toronto: EXA
|
| Stock price: | C$4.09 at close Nov. 29
|
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