By Devika Patel
Knoxville, Tenn., Oct. 29 - Blackdog Resources Ltd. said it plans a non-brokered private placement of stock for up to C$1.75 million.
The company will sell up to 3 million flow-through common shares at C$0.45 each and 1 million common shares at C$0.40 each.
Settlement is expected Nov. 29.
Proceeds will be used to expand the company's Woking light oil property and to incur eligible flow-through expenditures.
Blackdog is a Calgary, Alta.-based oil and gas company.
| Issuer: | Blackdog Resources Ltd.
|
| Issue: | Flow-through common shares, common shares
|
| Amount: | C$1.75 million
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 29
|
| Stock symbol: | TSX Venture: DOG
|
| Stock price: | C$0.39 at close Oct. 28
|
| Market capitalization: | C$6.53 million
|
|
|
| Flow-through shares
|
| Amount: | C$1.35 million
|
| Shares: | 3 million
|
| Price: | C$0.45
|
|
|
| Common shares
|
| Amount: | C$400,000
|
| Shares: | 1 million
|
| Price: | C$0.40
|
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