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Ironhorse Oil & Gas Inc. Completes $3.5 Million Flow-Through Financing
Ironhorse Oil & Gas Inc. Completes $3.5 Million Flow-Through Financing
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"\nIronhorse Oil & Gas Inc. Completes $3.5 Million Flow-Through Financing\n\n\n Nov. 19, 2009 (Filing Services Canada) -- Ironhorse Oil & Gas Inc. (IOG - TSX Venture), (the \"Company\") is pleased to announce it has closed the previously announced bought deal private placement financing of 2,143,000 flow-through common shares (the \"Shares\") at a price of $1.40 per Share for gross proceeds of $3,000,200 (the \"Offering\").  The Offering was completed by Dundee Securities Corporation (\"Dundee Securities\") as sole underwriter. In consideration for their efforts, Dundee Securities received a cash commission of 6% of the proceeds raised under the Offering. The Shares are subject to a four month hold period expiring March 20, 2010. In addition, Dundee Securities placed, pursuant to an underwriter's option, an additional 370,138 Shares, on the same terms as the Offering, for additional gross proceeds of $518,193, bringing the total gross proceeds of the Offering to $3,518,393. The Company will use the gross proceeds of the Offering to fund ongoing exploration activities eligible for Canadian Exploration Expenses.For further information, please contact:Rob SolingerVP Finance & CFO(403) [email protected] or visit our website at www.ihorse.ca. Ironhorse Oil & Gas Inc. is a Calgary-based junior oil and natural gas production company trading on the TSX Venture Exchange under the symbol \"IOG\".\"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\"Forward Looking StatementsStatements throughout this release that are not historical facts may be considered to be \"forward looking statements\". These forward looking statements sometimes include words to the effect that management believes or expects a stated condition or result. All estimates and statements that describe the Company's objectives, goals, or future plans, including management's assessment of future plans and operations, drilling plans and timing thereof, expected production rates and additions and the expected levels of activities may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas expl...