Waldron Energy Corporation (TSX:WDN) announced a non-brokered private placement of 9,777,778 flow-through shares at a price of CAD 0.45 per share for gross proceeds of CAD 4,400,000 with new investor Montana Exploration Corp. on December 20, 2013. National Bank Financial Inc. will act as strategic advisor to the company. The company expects to close the transaction on or before December 31, 2013. The private placement is subject to approval of the Toronto Stock Exchange, receipt of all necessary regulatory approvals and other customary conditions.

On December 30, 2013, Waldron Energy Corporation closed the transaction. The company received gross proceeds of CAD 4,254,651.45 by issuing 9,454,781 flow-through shares. Montana Exploration Corp. invested for 4,444,445 shares for CAD 2,000,000.25. A team including David Taniguchi, Charlotte Feasby and Ben Hudson of Gowling Lafleur Henderson LLP acted as legal advsior to the company for the transaction.