By Sheri Kasprzak
New York, May 18 - Reece Energy Exploration Corp. priced a C$4.25 million private placement.
The non-brokered deal includes up to 2 million Canadian development expenses flow-through shares and Canadian exploration expenses flow-through shares.
Each CDE share is priced at C$2.00 and each CEE share is priced at C$2.25.
The proceeds from the deal will be used for exploration and development on the company's Kindersley and Estevan oil and gas properties.
The offering is slated to close in June.
Located in Medicine Hat, Alta., Reece is an oil and natural gas exploration company.
| Issuer: | Reece Energy Exploration Corp.
|
| Issue: | CDE and CEE flow-through shares
|
| Amount: | C$4.25 million
|
| Shares: | 2 million
|
| Price: | C$2.00 for CDE shares; C$2.25 for CEE shares
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | May 18
|
| Stock symbol: | TSX Venture: RXR
|
| Stock price: | C$1.60 at close May 17
|
|
|
© 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.
