Birchcliff Energy Ltd. - 2013-05-28
Description
Intends to launch a marketed offering of cumulative redeemable preferred shares at $25 per share. Net proceeds will be used to initially reduce indebtedness under its revolving credit facilities. National Bank Financial Inc., Cormark Securities Inc. and GMP Securities LP co-lead the syndicate of underwriters which includes CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Peters & Co. Ltd., Stifel Nicolaus Canada Inc., and Integral Wealth Securities Ltd.