By Sheri Kasprzak
Atlanta, Oct. 20 - RSX Energy Inc. said Tuesday it has set terms on a C$6.03 million offering in the private placement market.
The deal consists of 1.8 million common shares at C$1.10 and 2.7 million flow-through shares at C$1.50.
The underwriters in the deal - Raymond James Ltd., Acumen Capital Finance Partners Ltd. and Haywood Securities Inc. - have an option for an additional 450,000 common shares and 325,000 flow-through shares.
Based in Calgary, Alta., RSX is an oil and natural gas exploration, development and production company. The funds from the private placement will partially finance the company's winter drilling program.
| Issuer: | RSX Energy Inc.
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| Amount: | C$6.03 million
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| Underwriters: | Raymond James Ltd. (lead); Acumen Capital Finance Partners Ltd.; Haywood Securities Inc.
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| Warrants: | No
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| Announcement date: | Oct. 19
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| Settlement date: | Nov. 2
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| Stock price: | C$1.30 at close Oct. 19
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|
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| Common shares
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| Issue: | Common shares
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| Amount: | C$1.98 million
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| Shares: | 1.8 million
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| Price: | C$1.10
|
|
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| Flow-through shares
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| Issue: | Flow-through shares
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| Amount: | C$4.05 million
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| Shares: | 2.7 million
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| Price: | C$1.50
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