By Devika Patel
Knoxville, Tenn., Nov. 30 - Redcliffe Exploration Inc. said it plans a C$3.03 million private placement of stock.
The company will sell 8.2 million class A flow-through shares at C$0.37 each.
FirstEnergy Capital Corp. is the underwriter.
Proceeds will be used for exploration.
Redcliffe is an oil and natural gas company based in Calgary, Alta.
| Issuer: | Redcliffe Exploration Inc.
|
| Issue: | Class A flow-through stock
|
| Amount: | C$3,034,000
|
| Shares: | 8.2 million
|
| Price: | C$0.37
|
| Warrants: | No
|
| Underwriter: | FirstEnergy Capital Corp.
|
| Pricing date: | Nov. 30
|
| Stock symbol: | TSX Venture: RXP.A
|
| Stock price: | C$0.30 at close Nov. 27
|
| Market capitalization: | C$28.5 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
