Genoil Inc. - 2008-04-11
Description
Publicly offered an additional 1.65 million units as overallotment for a total 12.65 million units at US$5 each for US$63.25 million to fund reservoir testing in Saskatchewan and 2.6 million flow-through shares at C$6.17 each for C$16 million to fund E&P. TD Securities (USA) LLC was underwriter in the U.S. and TD Securities Inc. was book-running manager in Canada and Genuity Capital Markets, CIBC World Markets Inc., Desjardins Securities Inc., Blackmont Capital Inc., Canaccord Capital Corp. and Lehman Brothers Canada Inc. were underwriters.