On June 16, 2021, Huntington Exploration Inc. completed a brokered private placement of 21,428,571 units at a price of $0.28 per unit for gross proceeds of $6 million. Each unit consists of one common share and one-half of one warrant. Each whole warrant is exercisable for one common share at an exercise price of $0.40 for a period of 24 months following the closing date.
The offering was conducted by a syndicate of agents co-led by Canaccord Genuity Corp. and Sprott Capital Partners and including Cormark Securities Inc.
Cassels acted for the agents.