By Devika Patel
Knoxville, Tenn., Dec. 4 - Twin Butte Energy Ltd. announced a C$5 million private placement of stock.
The company will sell flow-through common shares at C$1.35 per share.
The bought-deal financing was arranged with a syndicate of underwriters led by National Bank Financial Inc. and including Canaccord Capital Corp, Peters & Co. Ltd., Tristone Capital Inc., Research Capital Corp. and GMP Securities LP.
Settlement is expected Dec. 18.
Proceeds will be used for exploration.
Calgary, Alta.-based Twin Butte is an oil and gas exploration company.
| Issuer: | Twin Butte Energy Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$5,000,400
|
| Price: | C$1.35
|
| Warrants: | No
|
| Agents: | National Bank Financial Inc. (lead), Canaccord Capital Corp, Peters & Co. Ltd., Tristone Capital Inc., Research Capital Corp. and GMP Securities LP
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 18
|
| Stock symbol: | Toronto: TBE
|
| Stock price: | C$1.00 at close Dec. 4
|
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