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.