| Home : April 2011 : April 27, 2011 News : Azabache Announces Brokered Private Placement of Up to $15.0 Million and Appointment of New Director |
Azabache Announces Brokered Private Placement of Up to $15.0 Million and Appointment of New Director |
April 27, 2011
CALGARY, ALBERTA--(Marketwire - April 26, 2011) - Azabache Energy Inc. ("Azabache" or the "Company") (TSX VENTURE:AZA) announces that it has entered into an agreement for a private placement financing (the "Offering") on a "commercially reasonable efforts" basis with a syndicate of agents co-led by Toll Cross Securities Inc., Canaccord Genuity Corp., and FirstEnergy Capital Corp. and including Fraser MacKenzie Limited (collectively, the "Agents"). The Offering will consist of up to 27,275,455 common shares ("Common Shares") in the capital of the Company for gross proceeds of approximately $15,001,500 to be issued at a price of $0.55 per Common Share. The Agents will also have the option of increasing the size of the Offering by an additional 15% (the "Over-Allotment Option").
http://www.marketwire.com/mw/release.do?id=1506755&sourceType=3
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