OSPREY ENERGY LTD. ("OEL")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 13, 2001
Tier 1 Company
CDNX has accepted for filing documentation with respect to a Brokered Private Placement announced April 5, 2001:
Number of Shares: 2,100,000 shares
Purchase Price: $0.75 per share
Warrants: 2,100,000 non-transferable share purchase warrants to purchase 2,100,000 shares
Warrant Exercise Price: $1.00 for a one year period
Number of Placees: 11 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Gary Malone Y 50,000
Finder's Fee: $115,000 payable to Northfield Capital Ltd. of Pleasantville, Nova Scotia
These securities have not yet been issued, but there may be additional conditions precedent to closing. The Company must issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. |
