By Sheri Kasprzak
New York, June 9 - NuLoch Resources Inc. has upsized to C$4,501,050 its previously announced C$3,500,200 private placement.
The offering now includes 2,433,000 class A flow-through shares at C$1.85 each, a 23% premium to the company's C$1.50 closing stock price on June 8.
Underwriter GMP Securities LP has a greenshoe for up to 270,500 shares. The company expects that the greenshoe will be exercised in full.
The offering is slated to close June 29.
The deal priced early Friday as a C$3,500,200 offering of 1,892,000 shares.
Proceeds will be used for the company's capital expenditure program.
Located in Calgary, Alta., NuLoch is an oil and natural gas exploration company.
| Issuer: | NuLoch Resources Inc.
|
| Issue: | Class A flow-through shares
|
| Amount: | C$4,501,500
|
| Shares: | 2,433,000
|
| Greenshoe: | For 270,500 shares
|
| Price: | C$1.85
|
| Warrants: | No
|
| Underwriter: | GMP Securities LP
|
| Pricing date: | June 9
|
| Settlement date: | June 29
|
| Stock symbol: | TSX Venture: NLR
|
| Stock price: | C$1.50 at close June 8
|
| Stock price: | C$1.50 at close June 9
|
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