Business
NuLoch Resources Announces Increase to Bought Deal Financing From $25.1 Million to $28.1 Million
NuLoch Resources Announces Increase to Bought Deal Financing From $25.1 Million to $28.1 Million
About this update from Northern Lights Resources Corp
[{"type":"text","content":"\n\n\n\n Sep. 23, 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 TORONTO, Sept. 23 /CNW/ - NuLoch Resources Inc. ("NuLoch") (www.nuloch.ca)\n (TSX VENTURE:NLR.A) (TSX VENTURE:NLR.B) is pleased to announce that, in\n connection with its previously announced offering the Company and the\n syndicate of underwriters led by Canaccord Genuity Corp. and including\n Raymond James Ltd., Wellington West Capital Markets, and Clarus\n Securities Inc. (the "Underwriters") have agreed to increase the size of\n the financing to $28,100,000 (the "Offering").\n \n\n The revised terms of the Offering will consist of 16,000,000 Class A\n common shares of NuLoch (the "Common Shares") at a price of $1.25 per\n Common Share and 5,400,000 Class A common shares of NuLoch to be issued\n on a flow-through basis (the "Flow-Through Shares") at a price of $1.50\n per Flow Through Share. NuLoch has also granted the Underwriters an\n option to purchase an additional 2,400,000 Common Shares at the Common\n Shares offering price ("the Over-Allotment Option") for additional gross\n proceeds of up to $3,000,000. The Over-Allotment Option is exercisable\n in whole or in part at any time up to 30 days following the closing of\n the Offering. As a part of their compensation, upon the closing of the\n Offeri...