By Sheri Kasprzak
New York, Nov. 2 - Raptor Capital Corp. said it has priced a C$1.5 million private placement of units composed of flow-through and non flow-through shares.
The company intends to sell up to 150 units at C$10,000 each.
Each unit will include 92,857 flow-through shares with a value of C$0.07 each and 70,000 common shares with a value of C$0.05 each.
If fully subscribed, Raptor will issue a total of 13,928,571 flow-through shares and 10.5 million common shares.
The offering will be conducted on a non-brokered basis.
Proceeds will be used for the drilling of up to 10 shallow gas wells in northeast Alberta.
Calgary, Alta.-based Raptor is an oil and natural gas exploration company.
| Issuer: | Raptor Capital Corp.
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| Issue: | Units of 92,857 flow-through shares and 70,000 non flow-through shares
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| Amount: | C$1.5 million (maximum)
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| Units: | 150 (maximum)
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| Price: | C$10,000
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| Warrants: | No
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| Placement agent: | Non-brokered
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| Pricing date: | Nov. 2
|
| Stock price: | C$0.05 at close Nov. 2
|
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