By Devika Patel
Knoxville, Tenn., Dec. 1 - One Exploration Inc. said it will conduct a C$3 million private placement of stock. The deal priced Nov. 27.
The company will sell 4,411,800 flow-through common shares at C$0.68 apiece.
The bought deal financing was arranged with a syndicate of underwriters led by Blackmont Capital Inc. and including Tristone Capital Inc.
The underwriters have a greenshoe for an additional 735,300 shares for C$500,000.
Settlement is expected Dec. 11.
Proceeds will be used for exploration.
One Exploration is an oil and gas exploration and development company based in Calgary, Alta.
| Issuer: | One Exploration Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3 million
|
| Greenshoe: | C$500,000 (735,300 shares)
|
| Shares: | 4,411,800
|
| Price: | C$0.68
|
| Warrants: | No
|
| Agents: | Blackmont Capital Inc. (lead), Tristone Capital Inc.
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 11
|
| Stock symbol: | TSX Venture: OE.A
|
| Stock price: | C$0.30 at close Nov. 28
|
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