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Ironhorse Oil & Gas Inc. Completes $5.2 Million Flow-Through Financing
Ironhorse Oil & Gas Inc. Completes $5.2 Million Flow-Through Financing
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"\nIronhorse Oil & Gas Inc. Completes $5.2 Million Flow-Through Financing\n\n\n Apr. 15, 2010 (Filing Services Canada) -- Ironhorse Oil & Gas Inc. (IOG - TSX Venture), (the \"Company\") is pleased to announce it has closed the previously announced private placement financing of 3,683,143 flow-through common shares (the \"Shares\") at a price of $1.40 per Share for gross proceeds of $5,156,400.20 (the \"Offering\") which includes an additional 83,143 Shares placed by the underwriters in excess of the initial announced offering size of 3,600,000 Shares.  The Offering was completed by Jacob Securities Inc., as lead underwriter, Dundee Securities Corporation and Haywood Securities Inc. The Shares are subject to a four month hold period expiring August 13, 2010.The Company will use the gross proceeds of the Offering to fund ongoing exploration activities which qualify as eligible 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 exploration, development, exploitation, production, marketing and transportation, volatility of commodity prices, imprecision of reserve estimates, environmental risks, competition from other producers, incorrect ...