By Laura Lutz
Des Moines, June 29 - Exceed Capital Holdings Ltd. raised C$470,000 from the second and final tranche of its private placement of units, bringing the total deal size to C$1.5 million.
In total, the company sold 15 million units of one share and one warrant at C$0.10 per unit. Each warrant will be exercisable at C$0.20 for 18 months.
The first tranche included 10.3 million units for proceeds of C$1.03 million and settled on May 11. The second tranche consisted of 4.7 million units.
Proceeds will be used for drilling and working capital.
Leede Financial Markets Inc. is the agent.
Exceed is an oil and gas exploration company based in Calgary, Alta.
| Issuer: | Exceed Capital Holdings Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 15 million
|
| Price: | C$0.10
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.20
|
| Agent: | Leede Financial Markets Inc.
|
| Pricing date: | April 18
|
| Settlement date: | May 11 (for C$1.03 million); June 29 (for C$470,000)
|
| Stock symbol: | TSX Venture: XED.A
|
| Stock price: | C$0.11 at close April 18
|
| Stock price: | C$0.135 at close May 11
|
| Stock price: | C$0.12 at close June 29
|
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