Sale conducted on bought-deal basis by agents led by AltaCorp Capital
By Devika Patel
Knoxville, Tenn., May 5 – Yangarra Resources Ltd. said it has arranged a C$10 million brokered offering of stock with a C$1.5 million greenshoe.
The company will sell 10 million common shares at C$1.00 each. The price per share is a 4.76% discount to C$1.05, the May 4 closing share price.
The deal will be conducted on a bought-deal basis by a syndicate of underwriters led by AltaCorp Capital Inc. and including Acumen Capital Finance Partners Ltd., Clarus Securities Inc., Dundee Capital Markets, Industrial Alliance Securities Inc., Paradigm Capital Inc. and Raymond James Ltd.
Settlement is expected May 24.
The oil and gas company is based in Calgary, Alta.
| Issuer: | Yangarra Resources Ltd.
|
| Issue: | Common stock
|
| Amount: | C$10 million
|
| Greenshoe: | C$1.5 million, or 1.5 million shares
|
| Shares: | 10 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Underwriters: | AltaCorp Capital Inc. (lead), Acumen Capital Finance Partners Ltd., Clarus Securities Inc., Dundee Capital Markets, Industrial Alliance Securities Inc., Paradigm Capital Inc. and Raymond James Ltd.
|
| Pricing date: | May 5
|
| Settlement date: | May 24
|
| Stock symbol: | Toronto: TCX
|
| Stock price: | C$1.05 at close May 4
|
| Market capitalization: | C$72.42 million
|
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