GREY:OLEPF - Post by User
Post by
maya123caon Nov 19, 2010 4:52pm
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Post# 17732291
Financing closed
Financing closed | | November 16, 2010
Oromin Announces Closing of $13 Million Bought Deal Financing
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| | Vancouver, British Columbia - Oromin Explorations Ltd. (the "Company") is pleased to announce the closing of its recently-announced bought deal equity financing. The Company sold 10,000,000 common shares (the "Common Shares") at a price of $1.30 per Common Share for gross proceeds of $13,000,000 (the "Offering").
The Offering was underwritten by a syndicate of underwriters led by Cormark Securities Inc. and RBC Capital Markets and including Mackie Research Capital Corporation and Toll Cross Securities Inc. (the "Underwriters").
I can't imagine that the people who provided the money at $1.30 are very happy. |