By Sheri Kasprzak
New York, Nov. 29 - Cordero Energy Inc. has completed its previously announced private placement for C$15.08 million.
The company sold 2.6 million shares at C$5.80 each through a syndicate of underwriters led by Peters & Co. Ltd.
The syndicate also included Tristone Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc.
Proceeds from the deal will be used to expand the company's exploration and development activities in 2006.
The offering was first announced Nov. 10 as a C$12.76 million offering of 2.2 million shares under the same terms.
Calgary, Alta.-based Cordero is an oil, natural gas and coal bed methane exploration company.
| Issuer: | Cordero Energy Inc.
|
| Issue: | Stock
|
| Amount: | C$15.08 million
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| Shares: | 2.6 million
|
| Price: | C$5.80
|
| Warrants: | No
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| Underwriters: | Peters & Co. Ltd. (lead), Tristone Capital Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc.
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 29
|
| Stock price: | C$5.90 at close Nov. 10
|
| Stock price: | C$6.19 at close Nov. 28
|
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