By Devika Patel
Knoxville, Tenn., Aug. 18 - Shelton Canada Corp. announced it has settled a private placement of shares, raising C$1.48 million. The deal priced for between C$1.48 million and C$2.2 million on July 15.
The company sold 11.4 million common shares at C$0.13 apiece.
Alpcot Capital Management was the agent.
Proceeds will be used to repay debt and for general working capital purposes.
Shelton is and oil and gas company based in Edmonton, Alta.
| Issuer: | Shelton Canada Corp.
|
| Issue: | Common shares
|
| Amount: | C$1,482,000
|
| Shares: | 11.4 million
|
| Price: | C$0.13
|
| Warrants: | No
|
| Agent: | Alpcot Capital Management
|
| Pricing date: | July 15
|
| Settlement date: | Aug. 18
|
| Stock symbol: | TSX Venture: STO
|
| Stock price: | C$0.07 at close July 14
|
| Market capitalization: | C$6.09 million
|
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