Non-brokered deal offers flow-through common shares at C$0.48 apiece
By Devika Patel
Knoxville, Tenn., Jan. 4 - Blackdog Resources Ltd. said it raised C$125,280 in the second and final tranche of a C$1.19 million non-brokered private placement of stock on Dec. 30. The deal priced for C$1.92 million on Oct. 31 and raised C$1.06 million on Nov. 28.
The company sold 2,472,931 flow-through common shares at C$0.48 each, with 2,211,931 shares sold in the initial tranche and 261,000 shares sold in the second tranche. The price per share is a 23.08% premium to the Oct. 28 closing share price of C$0.39.
Proceeds will be used to advance the company's light oil properties in Alberta, including its Pembina Horizontal Cardium play, Evi Slave Lake Horizontal play and Leduc Reef D3 play.
Blackdog is a Calgary, Alta.-based oil and gas company.
| Issuer: | Blackdog Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,187,007
|
| Shares: | 2,472,931
|
| Price: | C$0.48
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 31
|
| Settlement dates: | Nov. 28 (for C$1,061,727) | , Dec. 30 (for C$125,280)
|
| Stock symbol: | TSX Venture: DOG
|
| Stock price: | C$0.39 at close Oct. 28
|
| Market capitalization: | C$9.83 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
