Cardinal Energy Ltd. - 2013-12-23

Closed the $22.5 million over-allotment option of its initial public offering issuing some 2.1 million common shares at $10.50 per share. 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.