Brokered financing offers securities as part of qualifying transaction
By Devika Patel
Knoxville, Tenn., Oct. 1 - Reviso Energy Ltd. said it plans a private placement of stock as part of its qualifying transaction. It will raise C$3.5 million on a commercially reasonable efforts basis.
The company has engaged Raymond James Ltd. to lead a syndicate of agents that includes National Bank Financial Inc., Macquarie Capital Markets Canada Ltd. and Emerging Equities Inc.
The company will sell 1,754,386 flow-through common shares at C$0.57 apiece for C$1 million.
The company also will sell 5 million common shares at C$0.50 apiece for C$2.5 million.
The prices per share represent 32.94% and 41.18% respective discounts to C$0.85, the Sept. 30 closing share price.
The capital pool company is based in Calgary, Alta.
| Issuer: | Reviso Energy Ltd.
|
| Issue: | Flow-through common shares, common shares
|
| Amount: | C$3.5 million
|
| Warrants: | No
|
| Agent: | Raymond James Ltd. (lead), National Bank Financial Inc., Macquarie Capital Markets Canada Ltd. and Emerging Equities Inc.
|
| Pricing date: | Oct. 1
|
| Stock symbol: | TSX Venture: AVG.P
|
| Stock price: | C$0.85 at close Sept. 30
|
| Market capitalization: | C$3.48 million
|
|
|
| Flow-through shares
|
| Amount: | C$1 million
|
| Shares: | 1,754,386
|
| Price: | C$0.57
|
|
|
| Common shares
|
| Amount: | C$2.5 million
|
| Shares: | 5 million
|
| Price: | C$0.50
|
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