* Raising C$1 bln in bought deal
* C$200 mln from private placement to biggest owner
* Says production to grow at top end of target
CALGARY, Alberta, June 22 Husky Energy Inc
(HSE.TO), Canada's No. 3 integrated oil company, said on
Wednesday it will raise C$1.2 billion ($1.24 billion) though
public and private share offerings in order to finance its
production growth plans.
Husky, controlled by Hong Kong billionaire Li Ka-shing,
said it will sell 36.9 million common shares priced at C$27.05
each, to a group of underwriters led by RBC Capital Markets,
Goldman Sachs Canada, HSBC Securities (Canada) and J.P. Morgan
Securities. The bought deal is expected to raise about C$1
Along with the public offer, Husky will sell a further 7.39
million shares to two companies controlled by Li Ka-shing to
raise a further C$200 million.
Husky said the cash will go to boost exploration and
development of its properties in Western Canada's oil sands,
offshore Newfoundland and Southeast Asia.
It also said that, with the additional capital, it expects
production to grow at the high end of its 3-5 percent annual
target though 2105.
Husky shares rose 5 Canadian cents to C$28.13 on Wednesday
on the Toronto Stock Exchange.
(Reporting by Scott Haggett; editing by Rob Wilson)