By Sheri Kasprzak
New York, July 14 - Mystique Energy Inc. said the greenshoe on its previously announced private placement was exercised, bringing the proceeds to C$4.3 million.
The company issued 10 million flow-through shares, including the over-allotment option for 2.5 million shares exercised by agent Acumen Capital Finance Partners Ltd.
The deal priced June 26 as a C$3,225,000 offering of 7.5 million shares.
Proceeds will be used for drilling on the company's farm-in lands in the Harmattan/Lochen/Bottrell/Wildcat Hills areas in Calgary, Alta.
Mystique, based in Calgary, is an oil exploration and exploitation company.
| Issuer: | Mystique Energy Inc.
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| Issue: | Flow-through shares
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| Amount: | C$4.3 million
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| Shares: | 10 million (includes greenshoe for 2.5 million shares)
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| Price: | C$0.43
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| Warrants: | No
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| Placement agent: | Acumen Capital Finance Partners Ltd.
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| Pricing date: | June 26
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| Settlement date: | July 14
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| Stock symbol: | TSX Venture: MYS
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| Stock price: | C$0.33 at close June 26
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| Stock price: | C$0.36 at close July 14
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