Oilexco 5.38-million-share private placement
Oilexco Inc (TSX-V:OIL)
Shares Issued 111,646,602
Last Close 3/29/2005 $3.03
Tuesday March 29 2005 - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to Oilexco Inc.'s brokered private placement.
Shares: 5,385,000 common shares
Purchase price: 1.30 pounds, or approximately $3 per share
Insider: Meditor Capital Management Ltd. 1.93 million
Agent: Canaccord Capital (Europe) Ltd.
Agent's fee: $1,046,500 (6.5 per cent of gross proceeds)
Securities: Agent's options are equal to 6 per cent of the shares sold pursuant to the private placement. The options are exercisable at 1.30 pounds, or approximately $3 per share and expire 12 months from the date of closing
© 2005 Canjex Publishing Ltd.
