NAL greenshoe exercised, upping 6.25% convertibles to C$150 million

By Tali David

Minneapolis, Feb. 21 - NAL Energy Corp. said the underwriters of its 6.25% convertible debentures exercised their over-allotment option in full with the sale of an additional C$10 million, increasing the size of the issue to C$150 million.

RBC Capital Markets, BMO Capital Markets and CIBC co-led the syndicate of underwriters for the offering, which also included Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., GMP Securities LP and Peters & Co., Ltd., according to a news release.

The issue priced Feb. 9 and settled Tuesday.

NAL Energy is a Calgary, Alta.-based oil and gas producer.

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