By Devika Patel
Knoxville, Tenn., April 13 - Paramount Energy Trust said it plans a C$6.92 million private placement of special warrants with Profound Energy Inc.
The company will sell 9,224,310 special warrants at C$0.75 each to Profound.
The special warrants are convertible into common shares on a one-for-one basis.
Settlement is expected April 14.
Paramount is a natural gas-focused energy trust based in Calgary, Alta.
Issuer: | Paramount Energy Trust
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Issue: | Special warrants exchangeable for common stock on a one-to-one basis
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Amount: | C$6,918,232.50
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Special warrants: | 9,224,310
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Price: | C$0.75
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Warrants: | No
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Investor: | Profound Energy Inc.
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Pricing date: | April 13
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Settlement date: | April 14
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Stock symbol: | Toronto: PMT.UN
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Stock price: | C$3.58 at close April 10
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