By Devika Patel
Knoxville, Tenn., March 14 - NuLoch Resources Inc. amended the terms of a private placement of shares to raise up to C$10 million. The deal priced for up to C$8 million on March 3.
NuLoch now plans to sell up to 3,334,000 class A flow-through common shares at C$1.20 per share and up to 6,316,000 class A non flow-through common shares at C$0.95 per share.
The company planned to sell up to 3.2 million class A flow-through common shares at C$1.25 each and up to 4 million class A non flow-through common shares at C$1.00 each.
GMP Securities LP is the agent.
Settlement is expected on March 25.
NuLoch said it will use the proceeds for its capital program and for general corporate purposes.
If the placement is fully subscribed, the company will have about 28,329,695 class A common shares and 652,500 class B common shares outstanding.
NuLoch is an oil and natural gas exploration company based in Calgary, Alta.
| Issuer: | NuLoch Resources Inc.
|
| Issue: | Class A flow-through common shares, class A non flow-through common shares
|
| Amount: | C$10 million
|
| Agent: | GMP Securities LP
|
| Pricing date: | March 3
|
| Amended: | March 14
|
| Settlement date: | March 25
|
| Stock symbol: | TSX Venture: NLR.A
|
| Stock price: | C$1.00 at close March 3
|
|
|
| Flow-through shares
|
| Shares: | 3,334,000
|
| Price: | C$1.20
|
| Warrants: | No
|
|
|
| Non flow-through shares
|
| Shares: | 6,316,000
|
| Price: | C$0.95
|
| 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.
