FINANCING / Jet Energy Corp. - Financing Closes
CALGARY, Nov. 23 /CNW/ -
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TSE Symbol: JEC Listed Standard & Poor's Manual
OTC Bulletin Brd. Symbol: JECXF Issued and Outstanding Shares:
22,374,576
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Jet Energy Corp. (''Jet Energy'') announces today that it has completed a
bought deal financing with a syndicate of underwriters led by Griffiths
McBurney & Partners and including Goepel McDermid Inc., Jennings Capital Inc.
and Yorkton Securities Inc.
Jet Energy issued 5,696,000 special warrants at a price of $2.05 per
special warrant for aggregate gross proceeds of $11,676,800. Each special
warrant entitles the holder to receive one common share, subject to possible
adjustments, without payment of any consideration in addition to the issue
price of the special warrant. The financing has been conditionally approved
by The Toronto Stock Exchange and is subject to approval of the shareholders
of Jet Energy.
Jet Energy Corp. is a publicly traded Canadian oil and gas exploration
and development company, headquartered in Calgary, with operations in West
Central Alberta and Northeastern British Columbia. The Company's primary
objective is to maximize shareholder value by managing risk as it builds
resource assets through the exploration for and exploitation of natural gas
and crude oil. |
