By Laura Lutz
Des Moines, Jan. 2 - Yoho Resources Inc. closed a slightly upsized private placement of shares for C$15,108,945.
The company sold 2,063,050 non flow-through shares at C$4.90 each and 800,000 flow-through shares at C$6.25 each.
The deal priced on Dec. 19 as an offering of up to 2 million non flow-through shares and up to 800,000 flow-through shares for up to C$14.8 million.
The placement was conducted through a syndicate led by FirstEnergy Capital Corp. and including Peters & Co. Ltd., Sprott Securities Inc. and Westwind Partners Inc.
Proceeds will be used to partially fund an acquisition of petroleum and natural gas properties in British Columbia and for working capital.
Yoho is a Calgary, Alta.-based oil and natural gas company.
| Issuer: | Yoho Resources Inc.
|
| Issue: | Non flow-through and flow-through shares
|
| Amount: | C$15.1 million
|
| Agents: | FirstEnergy Capital Corp. (lead), Peters & Co. Ltd., Sprott Securities Inc., Westwind Partners Inc.
|
| Pricing date: | Dec. 19
|
| Settlement date: | Dec. 29
|
| Stock symbol: | TSX Venture: YO
|
| Stock price: | C$5.00 at close Dec. 18
|
| Stock price: | C$5.10 at close Dec. 29
|
|
|
| Non flow-through shares
|
| Shares: | 2,063,050
|
| Price: | C$4.90
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 800,000
|
| Price: | C$6.25
|
| Warrants: | No
|
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