Kelt Exploration Ltd. - 2013-04-05
Description
Completed an agreement for a brokered and non-brokered offering of 17 million common shares at $5.55 per share. The syndicate of underwriters was led by Peters & Co. Ltd., and included 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. Net proceeds will be used to pay down any existing indebtedness and to fund ongoing exploration and development activities, potential asset acquisitions, and general working capital purposes.