Business
Yangarra Announces $15.0 million Bought Deal Financing and Revised Capital Budget of $50.0 million for 2011
Feb. 14, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO U.S. NEWSWIR E SERVICES ...
About this update from Yangarra Resources Ltd.
[{"type":"text","content":"\n\n\n\n Feb. 14, 2011 (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\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.\n\n\nCALGARY, Feb. 14 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSX Venture: "YGR") is pleased to announce that it has entered into\n an agreement with Haywood Securities Inc., as lead underwriter, GMP\n Securities L.P. and Acumen Capital Finance Partners Limited\n (collectively, the "Underwriters") for a "bought deal" financing to be completed by way of a short form\n prospectus, for the sale of 20,550,000 common shares of the Corporation\n at a price of $0.73 per share (the "Offering Price") for gross proceeds of $15,001,500 (the "Offering").  The Corporation has granted the Underwriters an over-allotment\n option to purchase, at the Offering Price, that number of additional\n common shares equal to 15% of the number of common shares sold pursuant\n to the Offering.  The Corporation has agreed to pay a fee equal to 6%\n of the gross proceeds of the Offering to the Underwriters, other than\n in respect of 2,740,000 common shares of the Offering (the "President's List") for sale to insiders, directors, officers, employees and consultants\n at a reduced commission of 2% for such President's List shares.\n\n\nThe Offering is expected to close on or before March 8, 2011 and is\n subject to regulatory and exchange approvals a...