New Issue: Triple 8 concludes C$9.86 million private placement of stock and units

By Devika Patel

Knoxville, Tenn., July 26 - Triple 8 Energy Ltd. said it raised C$9.86 million in a fully subscribed non-brokered private placement of stock and units. The deal priced for C$10 million on June 25.

The company sold 112,758,714 common shares at C$0.06 each. It also sold 51.5 million units of one common share and a warrant at C$0.06 per unit.

The whole warrants are exercisable at C$0.10 for five years.

Triple 8 is an oil and gas company based in Calgary, Alta.

Issuer:	Triple 8 Energy Ltd.
Issue:	Common shares, units of one common share and a warrant
Amount:	C$9,855,523
Price:	C$0.06
Agent:	Non-brokered
Pricing date:	June 25
Settlement date:	July 23
Stock symbol:	TSX Venture: TEE
Stock price:	C$0.10 at close June 25
Market capitalization:	C$3.49 million
Shares
Amount:	C$6,765,523
Shares:	112,758,714
Warrants:	No
Units
Amount:	C$3.09 million
Units:	51.5 million
Warrants:	One warrant per unit
Warrant expiration:	Five years
Warrant strike price:	C$0.10

© 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.