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Gear Energy Ltd announces closing of $63.5 mln bought deal equity financing


Friday, 28 Mar 2014 08:46am EDT 

Gear Energy Ltd:Issues 15,875,000 common shares at issue price of $4.00 per common share.Aggregate gross proceeds will be $63,500,000.Common Shares were sold by syndicate of underwriters co-led by FirstEnergy Capital Corp. and Peters & Co. Ltd, and including RBC Capital Markets Inc., GMP Securities L.P., Haywood Securities Inc. and AltaCorp. Capital Inc.Net proceeds used to temporarily repay outstanding bank indebtedness and to fund portion of ongoing capital program and for general corporate purposes. 

Company Quote

2.3
-0.1 -4.17%
24 Dec 2014