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Enterprise Group Inc announces closing of $15 mln equity financing and acquires Hart Oilfield Rentals Ltd

Friday, 20 Dec 2013 08:57am EST 

Enterprise Group Inc:Says it has closed overnight marketed public offering of subscription receipts at a price of $0.72 per Subscription Receipt for aggregate gross proceeds of $15,001,200.Says the Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and including GMP Securities L.P., M Partners Inc. and PI Financial Corp.Says it has also entered into an agreement to acquire Hart Oilfield Rentals Ltd.Says the purchase price will be satisfied through a combination of $1.0 mln of Common Shares and $21.6 mln in cash to be funded through the aggregate net proceeds from the Offering.Says the Acquisition is expected to close Jan. 3, 2014.Says the aggregate gross proceeds from the Offering have been placed in escrow, pending the company being in a position to close the Acquisition. 

Company Quote

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21 Jul 2014