By Devika Patel
Knoxville, Tenn., Sept. 18 - Duvernay Oil Corp. said it has entered into a bought-deal agreement to raise C$43.1 million from a private placement of stock.
The company will sell 1,000,000 flow-through common shares at C$43.10 apiece.
The deal was arranged with a syndicate of underwriters led by Peters & Co. Ltd. and including FirstEnergy Capital Corp., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Canaccord Capital Corp., Cormark Securities Inc. and Raymond James Ltd.
Duvernay officers, directors and employees are participating for up to 5% of the offering.
Proceeds will be used to accelerate follow-up on gas objectives and oil opportunities.
Duvernay is an oil and natural gas company based in Calgary, Alta.
| Issuer: | Duvernay Oil Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$43.1 million
|
| Shares: | 1,000,000
|
| Price: | C$43.10
|
| Warrants: | No
|
| Underwriters: | Peters & Co. Ltd. (lead), FirstEnergy Capital Corp., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Canaccord Capital Corp., Cormark Securities Inc. and Raymond James Ltd.
|
| Pricing date: | Sept. 18
|
| Stock symbol: | Toronto: DDV
|
| Stock price: | C$34.06 at close Sept. 17
|
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