Finance & Investing | Capital Markets
Manitok Announces $20 Million Private Placement
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Manitok Energy Inc. has entered into a letter agreement with syndicate of agents co-led by Integral Capital Markets, a division of Integral Wealth Securities Limited and GMP Securities L.P., with a syndicate including Dundee Securities Inc., National Bank Financial Inc. and Canaccord Genuity Group Inc., in connection with a best-efforts private placement offering with a minimum of $10,000,000 and a maximum of $20,000,000.
The Offering will consist of common shares in the capital of Manitok issued at a price of $0.13 per Common Share and Common Shares issued on a “flow-through” basis in respect of Canadian exploration expense under the Income Tax Act (Canada) at a price of $0.15 per Flow-through Share with the gross proceeds from the issuance of the Flow-through Shares not to exceed…
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