By Sheri Kasprzak
Atlanta, Dec. 23 - Leader Energy Services Ltd. said it raised C$4,059,125 in a private placement.
The company sold 3,247,300 units at C$1.25 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for an additional share at C$1.70 each for two years.
The deal was originally announced Dec. 1 for up to C$5 million.
Research Capital Corp. is the placement agent in the deal.
Based in Calgary, Alta., Leader provides field services for oil and gas well stimulation. The company plans to use the proceeds from the offering for the purchase of one deep-coiled tubing unit, two nitrogen pumper units, two nitrogen bulker units and for working capital.
| Issuer: | Leader Energy Services Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$4,059,125
|
| Shares: | 3,247,300 units
|
| Price: | C$1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.70
|
| Placement agent: | Research Capital Corp.
|
| Announcement date: | Dec. 1
|
| Settlement date: | Dec. 23
|
| Stock price: | C$1.40 at close Dec. 1
|
| Stock price: | C$1.40 at close Dec. 23
|
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