CanElson Drilling Inc. - 2013-05-23

Entered into an agreement for a syndicate of underwriters to purchase on a bought deal basis 5.2 million common shares at $4.85 per share with an option to purchase 800,000 additional shares. Proceeds will be used for its capital program, anticipated incremental capital investment opportunities, and general corporate purposes. FirstEnergy Capital Corp. and Peters & Co. Ltd. co-led the underwriters that include AltaCorp Capital Inc., Paradigm Capital Inc., and National Bank Financial Inc.