By Sheri Kasprzak
Atlanta, June 1 - Long View Resources Corp. has wrapped a private placement for C$2,001,000.
The company sold 2.86 million units at C$0.35 each and 2.5 million flow-through shares at C$0.40 each.
The units include one share and one half-share warrant. The whole warrants provide for an additional share at C$0.50 each through May 31, 2006.
Bolder Investment Partners was the underwriter in the offering.
In other news, Hesperian Capital Management exercised 2.5 million warrants at C$0.40 each for C$1 million in proceeds.
Based in Calgary, Alta., Long View is an oil and natural gas exploration company.
| Issuer: | Long View Resources Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$2,001,000
|
| Underwriter: | Bolder Investment Partners
|
| Settlement date: | June 1
|
| Stock price: | C$0.40 at close June 1
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 2.5 million
|
| Price: | C$0.40
|
| Warrants: | No
|
|
|
| Units
|
| Issue: | Units of one share and one half-share warrant
|
| Units: | 2.86 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | May 31, 2006
|
| Warrant strike price: | C$0.50
|
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