By Devika Patel
Knoxville, Tenn., Dec. 11 - One Exploration Inc. said it settled a C$3.5 million private placement of stock. The deal priced for C$3 million with a C$500,000 greenshoe Nov. 27.
The company sold 5,147,089 flow-through common shares at C$0.68 apiece. Of the shares sold, 735,300 were part of the fully exercised greenshoe.
The bought-deal financing was arranged with a syndicate of underwriters led by Blackmont Capital Inc. and including Tristone Capital Inc.
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$3.5 million (including C$500,000 greenshoe)
|
| Shares: | 5,147,089
|
| 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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