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Blacksteel Energy Inc Announces Completion Of Private Placement

Friday, 2 Aug 2013 04:54pm EDT 

Blacksteel Energy Inc announced that on July 31, 2013, it completed its final closing of its previously announced non-brokered private placement for gross proceeds of $758,333.25. Blacksteel paid a finder's fee to Canaccord Genuity Corp. under the Final Closing of a cash commission equal to $72,923.33, an option to purchase up to 38,010 Common Shares at an exercise price of $0.15 and an additional option entitling it to acquire up to 517,091 Units at an exercise price of $0.13. The options expire twelve months from the date of issuance. All of the securities issued in connection with the Initial Closing are subject to a four-month hold period under applicable Canadian securities laws expiring December 1, 2013. In aggregate under its non-brokered private placement, the Corporation issued an aggregate of 1,244,818 Flow-Through Shares for gross proceeds of $186,722.70 and 7,827,910 Units for gross proceeds of $1,017,628.30. The net proceeds of the Financing will be used as previously announced in the Corporation's press release dated April 18, 2013. 

Company Quote

22 Dec 2014