Business
NuLoch Resources Announces $25.1 Million Equity Financing
NuLoch Resources Announces $25.1 Million Equity Financing
About this update from Northern Lights Resources Corp
[{"type":"text","content":"\n\n\n\n Sep. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES./\n \n\n TSX VENTURE SYMBOL: NLR.A, NLR.B\n \n\n CALGARY, Sept. 22 /CNW/ - NuLoch Resources Inc. ("NuLoch")\n (www.nuloch.ca) (TSX VENTURE:NLR.A) (TSX VENTURE:NLR.B) announces that\n it has entered into an agreement with Canaccord Genuity Corp. (the\n "Underwriter") on a "bought-deal" basis, whereby the Underwriter has\n agreed to purchase equity of NuLoch for gross proceeds of $25,100,000\n (the "Offering").\n \n\n The Offering will consist of 16,000,000 Class A common shares of NuLoch\n (the "Common Shares") at a price of $1.25 per Common Share and 3,400,000\n Class A common shares of NuLoch to be issued on a flow-through basis\n (the "Flow-Through Shares") at a price of $1.50 per Flow Through Share.\n NuLoch has also granted the Underwriter an option to purchase an\n additional 2,400,000 Common Shares at the Common Shares offering price\n ("the Over-Allotment Option") for additional gross proceeds of up to\n $3,000,000. The Over-Allotment Option is exercisable in whole or in part\n at any time up to 30 days following the closing of the Offering. As a\n part of their compensation, upon the closing of the Offering, the\n Underwriter will be issued compensation options entitling the\n Underwriter to subscribe for Common Shares for a period of 9...