By Devika Patel
Knoxville, Tenn., Feb. 11 - One Exploration Inc. said it has completed a C$25 million private placement of special warrants.
The company sold 100 million special warrants. The warrants are convertible into class A stock.
The deal was conducted by an underwriting syndicate led by National Bank Financial Inc. and including GMP Securities LP, Wellington West Capital Markets Inc. and Haywood Securities Inc.
Proceeds will be used for drilling and general corporate purposes.
One Exploration is an oil and gas exploration and development company based in Calgary, Alta.
| Issuer: | One Exploration Inc.
|
| Issue: | Special warrants convertible into class A shares
|
| Amount: | C$25 million
|
| Special warrants: | 100 million
|
| Warrants: | No
|
| Underwriters: | National Bank Financial Inc. (lead), GMP Securities LP, Wellington West Capital Markets Inc. and Haywood Securities Inc.
|
| Settlement date: | Feb. 11
|
| Stock symbol: | TSX Venture: OE.A
|
| Stock price: | C$0.295 at close Feb. 10
|
| Market capitalization: | C$34.4 million
|
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