By Sheri Kasprzak
Atlanta, March 3 - Sawtooth International Resources Inc. said it will raise up to C$5,175,000 in a private placement.
The offering includes up to 1.38 million shares at C$1.25 each and 2.3 million flow-through shares at C$1.50 each.
Haywood Securities Inc. is the underwriter in the deal.
Based in Calgary, Alta., Sawtooth is an oil and natural gas exploration and development company. It plans to use the proceeds for its development and drilling program.
| Issuer: | Sawtooth International Resources Inc.
|
| Issue: | Stock
|
| Amount: | C$5,175,000
|
| Underwriter: | Haywood Securities Inc.
|
| Pricing date: | March 3
|
| Stock price: | C$1.16 at close March 3
|
|
|
| Common shares
|
| Issue: | Common stock
|
| Shares: | 1.38 million
|
| Price: | C$1.25
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common stock
|
| Shares: | 2.3 million
|
| Price: | C$1.50
|
| Warrants: | No
|
|
|
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