By Devika Patel
Knoxville, Tenn., Sept. 28 - Rock Energy Inc. said it closed a private placement of shares for C$12.1 million.
The company sold about 2,990,000 common shares to ARC Energy Fund 5 at C$4.05 per share.
As previously reported, proceeds will be used for the acquisition of Greenbank Energy Ltd.
FirstEnergy Capital Corp. was the agent.
Rock is an oil and gas exploration and development company based in Calgary, Alta.
Issuer: | Rock Energy Inc.
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Issue: | Common shares
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Amount: | C$12.1 million
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Shares: | 2,990,000 (approximate)
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Price: | C$4.05
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Warrants: | No
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Agent: | FirstEnergy Capital Corp.
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Investor: | ARC Energy Fund 5
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Pricing date: | Aug. 1
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Settlement date: | Sept. 28
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Stock symbol: | Toronto: RE
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Stock price: | C$4.00 at close July 31
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