By Laura Lutz
Des Moines, June 29 - Regal Energy Ltd. settled its previously announced private placement of flow-through shares for C$970,260, down from the C$2.1 million deal size announced at pricing on June 4.
The company sold 3,234,200 flow-through shares for C$0.30 each.
Acumen Capital Finance Partners Ltd. acted as lead agent with Nova Bancorp Securities Ltd. as 25% co-agent.
Proceeds will be used for exploration and development of the company's properties in Alberta and British Columbia.
Regal is an energy company based in Calgary, Alta.
| Issuer: | Regal Energy Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$970,260
|
| Shares: | 3,234,200
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agents: | Acumen Capital Finance Partners Ltd. (lead), Nova Bancorp Securities Ltd.
|
| Pricing date: | June 4
|
| Settlement date: | June 28
|
| Stock symbol: | TSX Venture: REG
|
| Stock price: | C$0.275 at close June 4
|
| Stock price: | C$0.30 at close June 28
|
© 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.
