By Laura Lutz
Des Moines, May 9 - Rolling Thunder Exploration Ltd. arranged a private placement of shares for C$6 million.
The company plans to sell 2,727,273 non flow-through class A common shares at C$1.10 each and 2,222,223 flow-through common shares at C$1.35 each.
The underwriters, a syndicate led by Acumen Capital Finance Partners Ltd. and including Clarus Securities Inc. and Dundee Securities Corp., have a greenshoe for up to 500,000 additional non flow-through shares and up to 1,481,482 additional flow-through shares.
Settlement is expected on May 29.
Proceeds will be used for exploration and development.
Rolling Thunder is a petroleum and natural gas company based in Calgary, Alta.
| Issuer: | Rolling Thunder Exploration Ltd.
|
| Issue: | Non flow-through class A common shares and flow-through common shares
|
| Amount: | C$6 million
|
| Underwriters: | Acumen Capital Finance Partners Ltd. (lead), Clarus Securities Inc., Dundee Securities Corp.
|
| Pricing date: | May 9
|
| Settlement date: | May 29
|
| Stock symbol: | TSX Venture: ROL.A
|
| Stock price: | C$1.13 at close May 8
|
|
|
| Non flow-through shares
|
| Shares: | 2,727,273
|
| Greenshoe: | For up to 500,000 non flow-through shares
|
| Price: | C$1.10
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 2,222,223
|
| Greenshoe: | For up to 1,481,482 flow-through shares
|
| Price: | C$1.35
|
| Warrants: | No
|
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