By Laura Lutz
Des Moines, June 25 - Twin Butte Energy Ltd. arranged a private placement of shares for C$18 million.
The company plans to sell 6 million shares at C$3.00 each.
Canaccord Capital Corp. will lead a syndicate of underwriters that includes Blackmont Capital Inc., Peters & Co. Ltd., Tristone Capital Inc. and National Bank Financial Inc.
The placement is being conducted in connection with Twin Butte's planned acquisition of assets, land and infrastructure in Alberta.
Settlement is expected on July 17. It is conditional on closing of the acquisition by July 4.
Twin Butte is an oil and gas company based in Calgary, Alta.
| Issuer: | Twin Butte Energy Ltd.
|
| Issue: | Shares
|
| Amount: | C$18 million
|
| Shares: | 6 million
|
| Price: | C$3.00
|
| Warrants: | No
|
| Underwriters: | Canaccord Capital Corp. (lead), Blackmont Capital Inc., Peters & Co. Ltd., Tristone Capital Inc., National Bank Financial Inc.
|
| Pricing date: | June 25
|
| Settlement date: | July 17
|
| Stock symbol: | Toronto: TBE
|
| Stock price: | C$3.17 at close June 22
|
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