April 5, 2017 / 8:21 PM / 4 months ago

BRIEF-Leucrotta Exploration announces a strategic montney land acquisition and a $50 mln bought deal financing

April 5 (Reuters) - Leucrotta Exploration Inc

* Leucrotta Exploration Inc. announces a strategic montney land acquisition and a $50 million bought deal financing

* Leucrotta Exploration - Deals with public Alberta based oil & gas companies to buy 18.5 net sections of land within Leucrotta's higher confidence mapping area

* Deals for $36 million

* Acquisition will be funded with a portion of proceeds of a $50 million bought deal equity financing

* Leucrotta Exploration-Haywood Securities,National Bank Financial agreed to purchase for resale to public on bought deal basis 20 million shares at $2.25/share Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below