Kicking Horse Energy Inc. offered about 1.2 million flow-through shares priced at CA$3 each and 55,000 flow-through shares priced at CA$2.75 each in a private placement, the company said Aug. 20.
About CA$4 million in proceeds will support the exploration and development program.
All securities will be subject to a four-month hold period from the closing date. The offer is subject to TSX Venture Exchange approval.
Calgary, Alberta-based Kicking Horse Energy Inc. operates in the Montney.
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