By Sheri Kasprzak
Atlanta, Dec. 6 - Viceroy Exploration Ltd. said Monday the greenshoe option has been exercised on it previously announce private placement, which closed for a total of C$12,330,230.
The syndicate of underwriters in the deal, led by Canaccord Capital Corp. and including Pacific International Securities Inc. and Haywood Securities Inc., granted an over-allotment option for an additional 909,150 units at C$2.20. The total number of units issued in the offering is 5,604,650.
The offering was originally announced as a C$10,330,100 offering of 4,695,500 units at the same price.
Each unit consists of one share and one half-share warrant. The whole warrants allow for an additional share at C$2.75 each through Dec. 6, 2006.
Viceroy is a Vancouver, B.C.-based gold exploration company. The company plans to use the proceeds from the offering to advance the exploration and evaluation of its Gualcamayo gold project in Argentina. The remaining funds will be used for general working capital.
| Issuer: | Viceroy Exploration Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$12,330,230
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| Shares: | 5,604,650 units
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| Price: | C$2.20
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| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | C$2.75
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| Warrant strike price: | Dec. 6, 2006
|
| Greenshoe: | For 909,150 additional units
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| Underwriters: | Canaccord Capital Corp. (lead); Haywood Securities Inc., Pacific International Securities Inc.
|
| Settlement date: | Dec. 6
|
| Stock price: | C$2.23 at close Dec. 6
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