By Sheri Kasprzak
New York, Feb. 7 - Castle Rock Petroleum Ltd. priced a C$5,000,400 private placement.
The offering includes up to 3,704,000 class A shares at C$1.35 each.
GMP Securities LP is the placement agent.
The placement is scheduled to close on Feb. 28.
Proceeds will be used for ongoing development and exploration activities. The rest will be used for general corporate purposes.
Based in Calgary, Alta., Castle Rock is an oil and natural gas exploration company.
| Issuer: | Castle Rock Petroleum Ltd.
|
| Issue: | Class A shares
|
| Amount: | C$5,000,400 (maximum)
|
| Shares: | 3,704,000 (maximum)
|
| Price: | C$1.35
|
| Warrants: | No
|
| Placement agent: | GMP Securities LP
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 28
|
| Stock symbol: | TSX Venture: RCK
|
| Stock price: | C$1.50 at close Feb. 7
|
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