By Sheri Kasprzak
New York, Sept. 22 - Duvernay Oil Corp. intends to raise C$48,125,000 in a private placement.
The offering includes up to 1.1 million flow-through shares at C$43.75 each.
The deal is being placed through a syndicate of underwriters led by Peters & Co. Ltd. and including FirstEnergy Capital Corp., Scotia Capital Inc., BMO Nesbitt Burns Inc., Raymond James Ltd., TD Securities Inc., Canaccord Capital Corp. and Sprott Securities Inc.
The placement is scheduled to close Oct. 12.
Proceeds will be used for Canadian exploration expenses.
Calgary, Alta.-based Duvernay is an oil and natural gas exploration company.
| Issuer: | Duvernay Oil Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$48,125,000
|
| Shares: | 1.1 million
|
| Price: | C$43.75
|
| Warrants: | No
|
| Underwriters: | Peters & Co. Ltd. (lead), FirstEnergy Capital Corp., Scotia Capital Inc., BMO Nesbitt Burns Inc., Raymond James Ltd., TD Securities Inc., Canaccord Capital Corp. and Sprott Securities Inc.
|
| Pricing date: | Sept. 22
|
| Settlement date: | Oct. 12
|
| Stock symbol: | Toronto: DDV
|
| Stock price: | C$34.11 at close Sept. 21
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
