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Twin Butte Energy Ltd Closes $70 Million Bought Deal Financing


Thursday, 31 Oct 2013 08:30am EDT 

Twin Butte Energy Ltd announced that it has completed its previously announced bought deal financing (the Offering). Twin Butte, through a syndicate of underwriters led by Peters & Co. Limited (Peters & Co.) and including National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., Cormark Securities Inc., GMP Securities L.P., Raymond James Ltd., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc. and Paradigm Capital Inc. (collectively, the Underwriters), issued a total of 35,898,000 subscription receipts (Subscription Receipts) at a price of $1.95 per Subscription Receipt for gross proceeds of approximately $70 million. The gross proceeds from the sale of the Subscription Receipts have been placed in escrow pending closing of the Acquisition. 

Company Quote

1.46
0.02 +1.39%
1:48pm EST