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Pine Cliff Energy Ltd Completes $20,020,000 Common Share Offering

Thursday, 17 Oct 2013 09:37am EDT 

Pine Cliff Energy Ltd announced that it has closed its previously announced short form prospectus offering of 18,200,000 common shares (the Common Shares) at a price of $1.10 per common share for gross proceeds of $20,020,000 (the Offering). The Offering was made pursuant to an underwriting agreement with a syndicate of underwriters led by Paradigm Capital Inc. and including Clarus Securities Inc., AltaCorp Capital Inc., FirstEnergy Capital Corp., GMP Securities L.P., Haywood Securities Inc., Jennings Capital Inc. and Scotia Capital Inc. The net proceeds from the Offering will be used to initially reduce indebtedness under Pine Cliff's credit facility and for general corporate purposes. 

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0.02 +1.79%
4:16pm EDT