By Sheri Kasprzak
New York, Dec. 21 - Bear Ridge Resources Ltd. said it completed, with a fully exercised greenshoe, a C$10,021,500 private placement.
The company sold 1.53 million flow-through shares at C$6.55 each, including an over-allotment option for 460,000 shares exercised by a syndicate of underwriters led by GMP Securities, LP.
The syndicate also included Tristone Capital Inc., Canaccord Capital Corp., FirstEnergy Capital Corp. and J.F. Makcie & Co.
The deal was first announced Dec. 6 as a C$7,008,500 offering of 1.07 million flow-through shares under the same terms.
Proceeds will be used for exploration on the company's properties.
Based in Calgary, Alta., Bear Ridge is an oil and natural gas exploration and development company.
| Issuer: | Bear Ridge Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$10,021,500
|
| Shares: | 1.53 million (includes greenshoe for 460,000 shares)
|
| Price: | C$6.55
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| Warrants: | No
|
| Underwriters: | GMP Securities LP (lead), Tristone Capital Inc., Canaccord Capital Corp., FirstEnergy Capital Corp., J.F. Makcie & Co.
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 21
|
| Stock price: | C$5.13 at close Dec. 6
|
| Stock price: | C$4.83 at close Dec. 20
|
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