Resverlogix inks SEDA; China Green gets greenshoe exercise; interClick brings direct financing

By Stephanie N. Rotondo

Portland, Ore., Dec. 16 - The private placement market remained active Wednesday and several double-digit deals were announced.

Resverlogix Corp. said it had inked an agreement with YA Global Master SPV Ltd. for a C$25 million standby equity distribution agreement. The financing will help the company advance its development plans.

China Green Agriculture Inc. announced that a $5 million greenshoe included in a previously announced registered direct offering of equity was fully subscribed. Total proceeds raised in the financing were $25 million.

Among other registered transactions, interClick Inc. said it would pocket $12.94 million from a registered direct offering of common stock.

Elsewhere, Rye Patch Gold Corp. lifted a private placement of units to C$6 million from C$5 million. The deal originally priced Tuesday.

And, Spider Resources Inc. is seeking C$5 million via a private placement of units. The company will issue both flow-through and common-share units.

Resverlogix inks SEDA

Resverlogix, a Calgary, Alta.-based biotechnology company, secured a C$25 million standby equity distribution agreement with YA Global Master SPV Ltd.

The company will issue common share to YA in tranches up to C$500,000. The price per share will be the prevailing share price less a discount.

"We have entered a period of increased activity in our ApoA-I programs," said Donald J. McCaffrey, president and chief executive officer, in a press release. "This agreement will provide Resverlogix with the flexibility to draw strategic amounts of capital at its discretion, thus placing the company in a more comfortable position for pursuing our development plans."

Resverlogix's equity (Toronto: RVX) dropped 8 cents, or 3.24%, to C$2.39. Market capitalization is C$92.6 million.

China Green greenshoe fully subscribed

China Green Agriculture said its $5 million greenshoe of a previously announced registered direct offering of stock was fully exercised.

The company had previously raised $20 million in the financing on Nov. 23.

All told, the Xian, China-based agriculture company sold approximately 1.60 million common shares at $15.00 per share. A single investor purchased 320,512 of the shares as part of the greenshoe.

Proceeds will be used for working capital.

Calls seeking comment were not returned Wednesday.

China Green's equity (Amex: CGA) declined 59 cents, or 3.51%, to $16.21. Market capitalization is $367 million.

interClick brings direct financing

interClick negotiated an $12.94 million registered direct offering of equity, the company announced.

The New York-based company will sell approximately 2.87 million shares at $4.50 per share.

Additionally, certain of the company's executives have agreed to sell 1.15 million of their shares.

Proceeds will be used for corporate and working capital purposes. Settlement is expected Dec. 21.

interClick's shares (OTCBB: ICLK) ended steady at $4.91. Market capitalization is $102 million.

interClick is a provider of Internet advertising solutions for Internet publishers and advertisers.

Rye Patch lifts deal

Rye Patch Gold increased a previously announced private placement of units to C$6 million from C$5 million.

The deal originally priced Dec. 15.

The company will now issue 24 million units at C$0.25 each. The units will consist of one common share and one half-share warrant. Whole warrants are exercisable at C$0.35 for two years.

Proceeds from the financing will be used for Rye Patch's acquisition of a 64% interest in Centerra Gold (U.S.) Inc.'s Ren project, as well as for exploration on said project and for general working capital.

Calls seeking comment were not returned Wednesday.

Rye Patch's shares (TSX Venture: RPM) gained 3 cents, or 10.71%, to C$0.31. Market capitalization is C$20.2 million.

Rye Patch Gold is a Vancouver, B.C.-based gold exploration company.

Spider to sell units

Spider Resources is seeking C$5 million from a private placement of units, the company said in a press release.

The company will raise up to C$3 million from the sale of flow-through units. The units will be issued at C$0.06 each and will contain one flow-through common share and one warrant.

Spider will raise another C$2 million from the sale of common share units. The units will be issued at C$0.05 each and will hold one common share and one warrant.

The warrants are exercisable at C$0.10 for two years.

Proceeds will be used for exploration and development activities, as well as for general corporate purposes. Settlement is expected by Dec. 23.

Calls seeking comment were not returned Wednesday.

Spider's stock (TSX Venture: SPQ) dipped half a cent, or 8.33%, to C$0.055. Market capitalization is C$21.4 million.

Spider Resources is a Toronto-based diamond exploration company.

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