Kelt Exploration (KEL-T) arranges $94.35-million private placements
March 8, 2013 - News Release
Kelt Exploration Ltd. has arranged a brokered and non-brokered equity financing for gross aggregate proceeds of $94.35-million.
Brokered private placement
Kelt is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited, and including FirstEnergy Capital Corp., RBC Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., GMP Securities Inc., and Stifel Nicolaus Canada Inc. (collectively the "Underwriters"), under which the Underwriters have agreed to purchase for resale to the public, on a bought deal private placement basis, 11.0 million common shares of Kelt at a price of $5.55 per common share, resulting in gross proceeds of $61,050,000.
Non-brokered Private Placement |
