By Sheri Kasprzak
New York, June 7 - Nevarro Energy Ltd. settled a C$3.5 million private placement.
The company sold 1,417,276 flow-through shares at C$2.45 each and 12,300 non flow-through shares at C$2.25 each.
Acumen Capital Finance Partners Ltd. was the placement agent.
The proceeds will be used for the company's 2006 capital expenditure program.
Calgary, Alta.-based Nevarro is an oil and natural gas exploration company.
| Issuer: | Nevarro Energy Ltd.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$3.5 million
|
| Placement agent: | Acumen Capital Finance Partners Ltd.
|
| Settlement date: | June 7
|
| Stock symbol: | TSX Venture: NEL
|
| Stock price: | C$2.05 at close June 7
|
|
|
| Flow-through shares
|
| Shares: | 1,417,276
|
| Price: | C$2.45
|
| Warrants: | No
|
|
|
| Non flow-through shares
|
| Shares: | 12,300
|
| Price: | C$2.25
|
| Warrants: | No
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
