CanElson Drilling Inc. - 2013-06-13

Closed its bought deal financing of some 6 million common shares sold at $4.85 per share with the over-allotment option exercised in full. Net proceeds will be used to reduce bank debt, for its capital program, and anticipated incremental capital investment opportunities. FirstEnergy Capital Corp. and Peters & Co. Ltd. co-led the underwriters that included AltaCorp Capital Inc., Paradigm Capital Inc., and National Bank Financial Inc.