By Sheri Kasprzak
Atlanta, Dec. 2 - Mystique Energy Inc. said late Wednesday placement agent Woodstone Capital Inc. exercised the greenshoe on its previously announced C$3 million private placement, bringing the total size to C$3.6 million.
The company will now issue up to 3 million units at C$0.40 each and 4.8 million flow-through shares at C$0.50 each.
The units are comprised of one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.60 each for two years.
On Nov. 17, the company announced it planned to sell 2.5 million units and 4 million flow-through shares for a total of C$3 million.
Calgary, Alta.-based Mystique is a petroleum exploitation and production company. The company plans to use the proceeds from the offering to funds its 2004-2010 drilling program.
| Issuer: | Mystique Energy Inc.
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| Issue: | Flow-through shares and units of one share and one half-share warrant
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| Amount: | C$3.6 million
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| Announcement date: | Nov. 17
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| Placement agent: | Woodstone Capital Inc.
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| Stock price: | C$0.42 at close Nov. 17
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| Stock price: | C$0.40 at close Dec. 1
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| Flow-through shares
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| Shares: | 4.8 million
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| Price: | C$0.50
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| Warrants: | No
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| Units
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| Issue: | Units of one share and one half-share warrant
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| Units: | 3 million
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| Price: | C$0.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.60
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