Brief: Leucrotta Exploration announces a strategic montney land acquisition and a $50 mln bought deal financing

Latin Explore

05/04/2017 21:09

April 5 (Reuters) - Leucrotta Exploration Inc  LXE.V  
    * Leucrotta Exploration Inc. announces a strategic montney 
land acquisition and a $50 million bought deal financing 
    * Leucrotta Exploration - Deals with public Alberta based 
oil & gas companies to buy 18.5 net sections of land within 
Leucrotta's higher confidence mapping area 
    * Deals for $36 million 
    * Acquisition will be funded with a portion of proceeds of a 
$50 million bought deal equity financing 
    * Leucrotta Exploration-Haywood Securities,National Bank 
Financial agreed to purchase for resale to public on bought deal 
basis 20 million shares at $2.25/share 
 
Source text for Eikon:  ID:nCCN5f9Hz6  
Further company coverage:  LXE.V  
 
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