By Sheri Kasprzak
New York, May 9 - RSX Energy Inc. has priced a C$16 million private placement.
The company plans to issue 4,383,562 shares at C$3.65 each.
A syndicate of underwriters led by Raymond James Ltd. and Haywood Securities Inc. and including Acumen Capital Finance Partners Ltd. has a greenshoe for up to 273,973 shares.
The deal is scheduled to close on May 24.
The proceeds will be used for drilling, pipeline construction in the Hinton area and for the repayment of a credit facility.
Calgary, Alta.-based RSX is an oil and natural gas exploration company.
| Issuer: | RSX Energy Inc.
|
| Issue: | Stock
|
| Amount: | C$16 million
|
| Shares: | 4,383,562
|
| Greenshoe: | For up to 273,973 shares
|
| Price: | C$3.65
|
| Warrants: | No
|
| Underwriters: | Raymond James Ltd. (lead); Haywood Securities Inc. (lead); Acumen Capital Finance Partners Ltd.
|
| Pricing date: | May 9
|
| Settlement date: | May 24
|
| Stock symbol: | TSX Venture: RSX
|
| Stock price: | C$3.73 at close May 9
|
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