Razor Energy rights offering, warrant listing
2023-06-19 18:18 ET - Rights Offering
Rights offering -- units
Further to the TSX Venture Exchange bulletin dated May 11, 2023, and the expiry of the company's rights offering on June 7, 2023, the exchange has accepted for filing the rights offering pursuant to which 5,014,821 units were issued at a purchase price of 80 cents plus 2.022 rights exercised per unit.
In connection with the rights offering, the company issued five million units to a non-arm's-length party pursuant to the company's rights offering standby purchase agreement dated May 1, 2023.
Each unit consists of one common share and one transferable share purchase warrant. Each warrant and $1.20 entitle the buyer to purchase one common share of the company for up to a five-year period from the date of issuance.
New listing -- warrants
Effective at the opening, Wednesday, June 21, 2023, the warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas production and exploration company.
Corporate jurisdiction: Alberta
Capitalization: 12.5 million warrants, authorized by a warrant indenture dated June 16, 2023, of which 10,014,821 warrants are issued and outstanding
Transfer agent: Alliance Trust Company
Trading symbol: RZE.WT
Cusip No.: 75525M 15 8
Further to the bulletin dated May 11, 2023, and June 7, 2023, the warrants were issued pursuant to a rights offering. Each warrant entitles the holder to purchase one share of the company at a price of $1.20 per share and will expire at 4:30 p.m. Calgary time on June 16, 2028.
For further information, please refer to the company's news releases dated May 1, 2023, May 8, 2023, and June 19, 2023.
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