By Laura Lutz
Des Moines, Nov. 14 - Mirage Energy Ltd. arranged a private placement of units for up to C$4.08 million and at least C$3.06 million.
The company plans to sell up to 2.4 million and at least 1.8 million units at C$1.70 per unit.
Each unit consists of two flow-through shares, each representing C$0.55 of Canadian Development Expenses, and one flow-through share representing C$0.60 of Canadian Exploration Expenses.
Leede Financial Markets Inc. and Blackmont Capital Inc. will act as agents for the deal.
Proceeds will be used to fund exploration and development.
Settlement is expected on Nov. 28, subject to regulatory approvals.
Mirage is an oil and gas company based in Calgary, Alta.
| Issuer: | Mirage Energy Ltd.
|
| Issue: | Units of two flow-through shares, each representing C$0.55 of Canadian Development Expenses, and one flow-through share representing C$0.60 of Canadian Exploration Expenses
|
| Amount: | C$4.08 million (maximum); C$3.06 million (minimum)
|
| Units: | 2.4 million (maximum); 1.8 million (minimum)
|
| Price: | C$1.70
|
| Warrants: | No
|
| Agents: | Leede Financial Markets Inc., Blackmont Capital Inc.
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 28
|
| Stock symbol: | TSX Venture: MGE
|
| Stock price: | C$0.50 at close Nov. 13
|
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