OTCPK:WSRLF - Post by User
Comment by
vindaloo_u2on Apr 04, 2013 3:44pm
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Post# 21212305
RE: RE: RE: RE: RE: WesternZagros Resources Closes
RE: RE: RE: RE: RE: WesternZagros Resources Closes
Pursuant to the Private Placement, the Company sold, through a syndicate of agents, 11,431,422 Common Shares at a price of C$1.25 per share for gross proceeds of approximately C$14.3 million. Pursuant to the Private Placement, the Richard Chandler Corporation ("RCC") purchased 9,147,271 Common Shares and Crest Energy International Ltd. ("Crest") purchased 2,284,151 Common Shares. In connection with the Private Placement, the Agents received a fee equal to approximately C$0.6 million of the gross proceeds of the Private Placement, resulting in net proceeds to the Company of approximately C$13.7 million.