GREY:RDWEF - Post by User
Post by
wmbjkon Oct 28, 2005 7:06pm
151 Views
Post# 9783706
Increase to Equity Financing
Increase to Equity FinancingRedStar Oil & Gas Inc. Announces Increase to Previously Announced Equity Financing
CALGARY, ALBERTA--(CCNMatthews - Oct. 28, 2005) -
RedStar Oil & Gas Inc. ("RedStar") (TSX VENTURE:RED) (TSX VENTURE:RED.NV) is pleased to announce that it has increased its previously announced "bought-deal" financing agreement with a syndicate of underwriters led by GMP Securities Ltd. and including, Blackmont Capital Inc., Canaccord Capital Corporation, Orion Securities Inc., Raymond James Ltd., Acumen Capital Finance Partners Limited and Jennings Capital Inc. (the "Underwriters") such that RedStar will now issue 4,481,400 special warrants ("Special Warrants") at a price of $2.70 per Special Warrant and 8,787,800 flow-through special warrants ("Flow-Through Warrants") at a price of $3.30 per Flow-Through Warrant for gross proceeds o