CanElson Drilling Inc. - 2013-09-18
Description
Entered into a bought deal financing through the issuance of 4.9 million common shares with an over-allotment option sold at $6.20 per share. Net proceeds will be used to reduce indebtedness and for investment opportunities including the addition of three drilling rigs. Peters & Co. Ltd. leads the underwriters FirstEnergy Capital Corp., National Bank Financial Inc., AltaCorp Capital Inc., and Lightyear Capital Inc.