By Laura Lutz
Des Moines, March 3 - NuLoch Resources Inc. arranged a private placement of shares for up to C$8 million.
The company plans to sell up to 3.2 million class A flow-through common shares at C$1.25 each and up to 4 million class A non flow-through common shares at C$1.00 each.
GMP Securities LP is the agent.
Settlement is expected on March 25.
NuLoch said it will use the proceeds for its capital program and for general corporate purposes.
If the placement is fully subscribed, the company will have about 28,329,695 class A common shares and 652,500 class B common shares outstanding.
NuLoch is an oil and natural gas exploration company based in Calgary, Alta.
| Issuer: | NuLoch Resources Inc.
|
| Issue: | Class A flow-through common shares and class A non flow-through common shares
|
| Amount: | C$8 million
|
| Agent: | GMP Securities LP
|
| Pricing date: | March 3
|
| Settlement date: | March 25
|
| Stock symbol: | TSX Venture: NLR.A
|
| Stock price: | C$1.00 at close March 3
|
|
|
| Flow-through shares
|
| Shares: | 3.2 million
|
| Price: | C$1.25
|
| Warrants: | No
|
|
|
| Non flow-through shares
|
| Shares: | 4 million
|
| Price: | C$1.00
|
| Warrants: | No
|
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