By Sheri Kasprzak
New York, Dec. 20 - Temple Energy Inc. said it has concluded a private placement for C$12,055,000.
The company issued 3 million flow-through special warrants at C$3.00 each and 1.3 million common special warrants at C$2.35 each.
The full terms of the special warrants could not be determined Tuesday.
FirstEnergy Capital Corp. led a syndicate of agents for the offering. The syndicate also included Tristone Capital Inc. and Canaccord Capital Corp.
Proceeds will be used for the company's winter drilling program.
Based in Calgary, Alta., Temple is an oil and natural gas exploration company.
| Issuer: | Temple Energy Inc.
|
| Issue: | Flow-through and non flow-through special warrants
|
| Amount: | C$12,055,000
|
| Placement agents: | FirstEnergy Capital Corp. (lead); Tristone Capital Inc.; Canaccord Capital Corp.
|
| Settlement date: | Dec. 20
|
|
|
| Flow-through special warrants
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| Special warrants: | 3 million
|
| Price: | C$3.00
|
| Warrants: | No
|
|
|
| Non flow-through special warrants
|
| Special warrants: | 1.3 million
|
| Price: | C$2.35
|
| Warrants: | No
|
|
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