By Sheri Kasprzak
New York, April 7 - G2 Resources Inc. has priced a C$7.6 million private placement.
The offering includes up to 4 million class A flow-through shares at C$1.30 each and up to 2 million non flow-through shares at C$1.20 each.
The proceeds from the flow-through shares will be used for Canadian exploration expenses and the rest will be used for working capital.
Acumen Capital Finance Partners Ltd. is the placement agent.
Calgary, Alta.-based G2 is an oil and natural gas exploration company.
| Issuer: | G2 Resources Inc.
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| Issue: | Class A flow-through and non flow-through shares
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| Amount: | C$7.6 million (maximum)
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| Placement agent: | Acumen Capital Finance Partners Ltd.
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| Pricing date: | April 7
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| Stock symbol: | TSX Venture: GRT
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| Stock price: | C$1.16 at close April 7
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|
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| Flow-through shares
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| Shares: | 4 million
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| Price: | C$1.30
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| Warrants: | No
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|
|
| Non flow-through shares
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| Shares: | 2 million
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| Price: | C$1.20
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| Warrants: | No
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