By Devika Patel
Knoxville, Tenn., Feb. 3 - NuLoch Resources Inc. announced it has arranged a C$20.01 million private placement of special warrants. There is a C$3 million greenshoe.
The company will sell 13.8 million special warrants, which are convertible into class A shares, at C$1.45 apiece on a commercially reasonable basis.
Genuity Capital Markets is the lead agent.
Settlement is expected March 3.
Proceeds will be used for the company's capital program and general corporate purposes.
Located in Calgary, Alta., NuLoch is an oil and natural gas exploration company.
| Issuer: | NuLoch Resources Inc.
|
| Issue: | Special warrants convertible into class A shares
|
| Amount: | C$20.01 million
|
| Greenshoe: | C$3,001,500
|
| Special warrants: | 13.8 million
|
| Price: | C$1.45
|
| Warrants: | No
|
| Agent: | Genuity Capital Markets (lead)
|
| Pricing date: | Feb. 3
|
| Settlement date: | March 3
|
| Stock symbol: | TSX Venture: NLR.A
|
| Stock price: | C$1.60 at close Feb. 3
|
| Market capitalization: | C$64.7 million
|
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