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Azabache could raise up to C$10 million in private placement of stock
By Devika Patel
Knoxville, Tenn., Feb. 9 - Azabache Energy Inc. said it plans to price a C$6.5 million private placement of stock with a C$3.5 million greenshoe.
The deal will be conducted by a syndicate of underwriters co-led by Toll Cross Securities Inc. and Jennings Capital Inc. and including Lightyear Capital Inc.
Settlement is expected Feb. 26.
Azabache is a petroleum and natural gas exploration company based in Toronto.
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