By Sheri Kasprzak
Atlanta, Dec. 17 - Expedition Energy Inc. said Friday it has wrapped up its previously announced private placement for C$2.015 million.
The company issued 3.1 million flow-through shares at C$0.65. The closed offering includes the exercise of an over-allotment option for 450,000 shares.
The company announced Nov. 30 it planned to raise C$1,722,500.
The offering was placed through an underwriting syndicate led by Leede Financial Markets Inc. and including First Associates Investment Inc. and Northern Securities Inc.
Expedition, based in Calgary, Alta., is an oil and gas development company. It plans to use the proceeds from the private placement to fund exploration and development of its programs in Alberta and Saskatchewan.
| Issuer: | Expedition Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.015 million
|
| Shares: | 3.1 million
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| Price: | C$0.65
|
| Warrants: | No
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| Underwriters: | Leede Financial Markets Inc. (lead); First Associates Investments Inc.; Northern Securities Inc.
|
| Announcement date: | Nov. 30
|
| Settlement date: | Dec. 17
|
| Stock price: | C$0.52 at close Nov. 30
|
| Stock price: | C$0.53 at close Dec. 17
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