By Sheri Kasprzak
New York, March 17 - Leroy Ventures Inc. said it has concluded for C$2,106,937 its previously announced private placement.
The company sold 4,957,500 units at C$0.425 each.
The units consist of one share and one half-share warrant with the whole warrants exercisable at C$0.80 each for one year.
The deal priced on Dec. 22 as a C$2,125,000 offering of up to 5 million units.
Proceeds from the financing will be used for an acquisition.
Based in Vancouver, B.C., Leroy is an oil and natural gas exploration company.
Issuer: | Leroy Ventures Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$2,106,937
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Units: | 4,957,500
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Price: | C$0.425
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Warrants: | One half-share warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.80
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Pricing date: | Dec. 22
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Settlement date: | March 16
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Stock symbol: | TSX Venture: LRV
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Stock price: | C$0.90 at close Dec. 22
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Stock price: | C$1.35 at close March 16
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