Cardinal Energy Ltd. - 2013-12-17
Description
Closed its initial public offering of some 21.4 million common shares sold at $10.50 per share with an over-allotment option. Net proceeds will be used to fund the acquisition of assets located in Southeast Alberta and to repay outstanding indebtedness. RBC Capital Markets and CIBC World Markets Inc. co-led the syndicate of underwriters GMP Securities LP, Macquarie Capital Markets Canada Ltd., Scotiabank, and FirstEnergy Capital Corp.