By Devika Patel
Knoxville, Tenn., Nov. 14 - Heritage Oil Corp. said it has raised C$181.5 million in a private placement of stock. The deal was announced on Oct. 25.
The company sold 3 million common shares at C$60.50 apiece.
Proceeds will be used for exploration and development as well as for general working capital purposes.
Heritage is a Calgary, Alta.-based oil and gas production company.
| Issuer: | Heritage Oil Corp.
|
| Issue: | Common shares
|
| Amount: | C$181.5 million
|
| Shares: | 3 million
|
| Price: | C$60.50
|
| Warrants: | No
|
| Announcement date: | Oct. 25
|
| Settlement date: | Nov. 14
|
| Stock symbol: | Toronto: HOC
|
| Stock price: | C$57.50 at close Nov. 13
|
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