By Sheri Kasprzak
New York, Feb. 6 - NuLoch Resources Inc. said it plans to raise C$5,032,500 in a private placement.
The offering includes up to 3.05 million class A shares at C$1.65 each.
GMP Securities LP is the placement agent.
Proceeds will be used for ongoing exploration and development, as well as general corporate purposes.
The deal is set to close on Feb. 22.
Based in Calgary, Alta., NuLoch is an oil and natural gas exploration and development company.
| Issuer: | NuLoch Resources Inc.
|
| Issue: | Class A shares
|
| Amount: | C$5,032,500 (maximum)
|
| Shares: | 3.05 million (maximum)
|
| Price: | C$1.65
|
| Warrants: | No
|
| Placement agent: | GMP Securities LP
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 22
|
| Stock symbol: | TSX Venture: NLR
|
| Stock price: | C$1.80 at close Feb. 6
|
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