New Issue: CIC Energy completes C$73.2 million private placement of stock; greenshoe exercised

By Devika Patel

Knoxville, Tenn., Aug. 23 - CIC Energy Corp. announced it has settled a previously announced C$73,207,615 private placement of shares.

The company sold 4,505,084 common shares at C$16.25 apiece, including a greenshoe for 1,405,084 shares.

The deal had a syndicate of underwriters led by Westwind Partners Inc. and including Canaccord Capital Corp., Salman Partners Inc. and Desjardins Securities Inc.

CIC is an energy company based in Road Town, Tortola, British Virgin Islands.

Issuer:	CIC Energy Corp.
Issue:	Common shares
Amount:	C$73,207,615
Shares:	4,505,084 (including greenshoe for 1,405,084 shares)
Price:	C$16.25
Warrants:	No
Agents:	Westwind Partners Inc. (lead), Canaccord Capital Corp., Salman Partners Inc. and Desjardins Securities Inc.
Pricing date:	Aug. 8
Settlement date:	Aug. 23
Stock symbol:	Toronto: ELC
Stock price:	C$16.80 at close Aug. 7
Stock price:	C$15.45 at close Aug. 22

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