By Sheri Kasprzak
New York, Oct. 31 - RSX Energy Inc. negotiated a C$12.15 million private placement.
The offering includes 3 million flow-through shares at C$4.05 shares. Insiders of the company intend to buy 200,000 of the shares.
The deal is being placed through a syndicate of underwriters led by Raymond James Ltd.
The placement is expected to close Nov. 17.
Proceeds will be used for ongoing exploration.
Calgary, Alta.-based RSX is an oil and natural gas exploration company.
| Issuer: | RSX Energy Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$12.15 million
|
| Shares: | 3 million
|
| Price: | C$4.05
|
| Warrants: | No
|
| Underwriters: | Raymond James Ltd. (lead)
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 17
|
| Stock symbol: | TSX Venture: RSX
|
| Stock price: | C$3.25 at close Oct. 31
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
