TransactionsStans Energy Corp. Closes $28 Million Private PlacementPublished: 04/29/2011 By Jason Bullen, Tom Koutoulakis Stans Energy Corp announced on April 28, 2011, that it closed its previously reported private placement pursuant to which the Company has issued 15,135,136 units at a price of $1.85 per Unit to raise aggregate gross proceeds of $28,000,001.60 CAD. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of $2.25 CAD until April 28, 2013. Stifel Nicolaus Canada acted as Lead Agent for the Offering, with Clarus Securities Inc acting as Co-Manager . The Agents received a cash commission equal to 6% of the gross proceeds of the Offering, and broker warrants entitling the Agents to purchase 908,108 shares at $1.85 CAD per share at any time up to and including April 28, 2013. Cassels Brock acted for the Agent, Stifel Nicolaus Canada, with a team consisting of Tom Koutoulakis (Securities), Jason Bullen (Business) and Jason MacIntosh (Securities and Mining). |