By Sheri Kasprzak
New York, May 24 - RSX Energy Inc. said the greenshoe on its previously announced private placement was exercised for total proceeds of C$17,000,003.
The company issued 4,657,535 shares at C$3.65 each, including the over-allotment option for 273,973 shares exercised by a syndicate of underwriters led by Raymond James Ltd. and Haywood Securities Inc.
The syndicate also included Acumen Capital Finance Partners Ltd.
The deal priced May 9 as a C$16 million offering of 4,383,562 shares.
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$17,000,003
|
| Shares: | 4,657,535 (includes greenshoe for 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
|
| Stock price: | C$3.40 at close May 24
|
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