By Laura Lutz
Des Moines, Oct. 26 - Fairmount Energy Inc. completed its previously announced private placement for C$4,982,250, including the full exercise of a greenshoe for C$1,004,250.
The company sold 2.555 million flow-through common shares at C$1.95 per share.
The deal priced on Oct. 16 as a C$3.978 million placement of 2.04 million shares with a greenshoe for a further 515,000 shares.
The placement was underwritten by a syndicate led by GMP Securities LP and including Acumen Capital Finance Partners Ltd.
Proceeds of the offering will be used for ongoing exploration and development.
Fairmount is an oil and gas company based in Calgary, Alta.
| Issuer: | Fairmount Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$4,982,250
|
| Shares: | 2.555 million
|
| Price: | C$1.95
|
| Warrants: | No
|
| Agents: | GMP Securities LP (lead), Acumen Capital Finance Partners Ltd.
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 26
|
| Stock symbol: | TSX Venture: FMT
|
| Stock price: | C$1.60 at close Oct. 15
|
| Stock price: | C$1.60 at close Oct. 25
|
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