Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Streetwise Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

CUB Energy Inc Announces Closing Of Short Form Prospectus Offering

Monday, 17 Dec 2012 10:18am EST 

CUB Energy Inc announced the closing of its previously announced short form prospectus offering (the "Offering") of 31,250,000 common shares of the Company ("Common Shares") at a price of $0.40 per Common Share, for total gross proceeds of $12,500,000. GMP Securities Europe LLP, GMP Securities L.P. and Canaccord Genuity Corp., as lead agents, with a syndicate that included Cormark Securities Inc. and Casimir Capital Ltd. (collectively, with the lead agents, the "Agents") were engaged to act as agents to sell the Common Shares under the Offering on a commercially reasonable best efforts agency basis. The Agents received a cash fee on the sale of the Common Shares equal to $625,000, representing 5% of the gross proceeds from the Offering. It is anticipated that the net proceeds from the Offering will be used by the Company for further development, appraisal and exploration of the Company's interests in Ukraine, repayment of the drawn portion of a line of credit and general and administrative expenses. 

Company Quote

-0.0050 -3.13%
10:44am EDT