By Sheri Kasprzak
Atlanta, Oct. 21 - RSX Energy Inc. upsized late Wednesday its C$6.03 million private placement to C$6.48 million.
The amended deal consists of 1.8 million shares at C$1.10 and 3 million flow-through shares at C$1.50.
An additional 450,000 shares and 325,000 flow-through shares may be issued at the option of underwriters Raymond Jams Ltd., Acumen Capital Finance Partners Ltd. and Haywood Securities Inc.
RSX is a Calgary, Alta.-based oil and natural gas exploration company. The company plans to use the proceeds from the financing to partially fund its winter drilling program.
| Issuer: | RSX Energy Inc.
|
| Issue: | Stock
|
| Amount: | C$6.48 million
|
| Underwriters: | Raymond James Ltd. (lead); Acumen Capital Finance Partners Ltd.; Haywood Securities Inc.
|
| Warrants: | No
|
| Announcement date: | Oct. 19
|
| Stock price: | C$1.30 at close Oct. 19
|
| Upsized: | Oct. 20
|
| Settlement date: | Nov. 2
|
| Stock price: | C$1.15 at close Oct. 20
|
|
|
| Common shares
|
| Issue: | Common shares
|
| Amount: | C$1.98 million
|
| Shares: | 1.8 million
|
| Price: | C$1.10
|
|
|
| Flow-through shares
|
| Issue: | Flow-through shares
|
| Amount: | C$4.5 million
|
| Shares: | 3 million flow-through shares
|
| Price: | C$1.50
|
|
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