By Sheri Kasprzak
Atlanta, Nov. 22 - Highview Resources Ltd. said Monday it sold C$2 million in a private placement.
The company will issue 6,666,667 shares at C$0.30 through an underwriting syndicate led by Jennings Capital Inc.
The offering is scheduled to close Dec. 3.
Calgary, Alta.-based Highview is an oil and gas acquisition, exploration, exploitation and development company. It plans to use the proceeds from the deal to fund ongoing exploration and development activities.
| Issuer: | Highview Resources Ltd.
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| Issue: | Stock
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| Amount: | C$2 million
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| Shares: | 6,666,667
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| Price: | C$0.30
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| Warrants: | No
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| Underwriters: | Jennings Capital Inc. (lead)
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| Announcement date: | Nov. 22
|
| Pricing date: | Nov. 18
|
| Settlement date: | Dec. 3
|
| Stock price: | C$0.23 at close Nov. 18
|
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