By Sheri Kasprzak
New York, Oct. 7 - Nevarro Energy Ltd. said it has arranged a private placement for up to C$3.06 million through a syndicate of placement agents led by Acumen Capital Finance Partners Ltd.
The offering includes up to 1.2 million flow-through shares at C$2.55 each.
Octagon Capital Corp. is the other agent in the syndicate.
The offering is scheduled to close Oct. 21.
Based in Calgary, Alta., Nevarro is an oil and natural gas exploration company.
| Issuer: | Nevarro Energy Ltd.
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| Issue: | Flow-through shares
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| Amount: | C$3.06 million (maximum)
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| Shares: | 1.2 million (maximum)
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| Price: | C$2.55
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| Warrants: | No
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| Placement agents: | Acumen Capital Finance Partners Ltd. (lead); Octagon Capital Corp.
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 21
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| Stock price: | C$2.00 at close Oct. 6
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