I thought this interesting because one of the placees is David Pescod of Cannacord:
Check out all the pro groups and insiders buying in.
I suspect everyone is now in place and the show starts. Just a guess. Might be worth a small position here at this level.
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Argenta Oil 24.15-million-share private placement
Argenta Oil & Gas Inc (C:AZA)
Shares Issued 107,239,000
Last Close 7/22/2008 $0.13
Wednesday July 23 2008 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 12, 2008.
Number of shares: 24.15 million shares
Purchase price: 25 cents per share
Warrants: 12,075,000 share purchase warrants to purchase 12,075,000 shares
Warrant exercise price: 35 cents for an 18-month period
Number of hidden placees: 35 placees
Insider/pro groups: AMB Minerals & Energy Inc. (Aries Barreto) (insider) 400,000; Denis Clement (insider) 800,000; Kevin Andrew Kingsley (pro group) 250,000; J. David Pescod (pro group) 500,000; Marc Bouchard (pro group) 200,000; Al Folk (pro group) 100,000; Rodger Gray (pro group) 400,000; Haworth Partners Inc. (pro group) 170,000; John C. Maycock (pro group) 280,000; Toll Cross Securities Inc. (pro group) 400,000; Cormark Securities Investment Fund (pro group) 800,000; Scott Lamacraft (pro group) 800,000; John Prins (pro group) 80,000; Kevin Williams (pro group) 200,000
Finders' fees: A total of $218,700 in cash and 868,800 broker warrants payable to Brant Securities Ltd., Canaccord Capital Corp., Cormark Securities Inc., Fairlane Growth & Short Term Bond Fund, Philip Strathy, Mark Wisniewski and Toll Cross Securities Inc. Each broker warrant entitles the holder to acquire one common share at 25 cents until Jan. 15, 2010.
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.
For further details, please refer to the company's news releases dated June 27, 2008, and July 16, 2008.
© 2008 Canjex Publishing Ltd. |
