Cardinal Energy Ltd. - 2016-06-15
Description
Closed its public offering of about 7.1 million common shares priced at C$9.35 each. Net proceeds will initially repay a portion of outstanding debts under the credit facilities and then they will support the drilling program. Underwriters are being led by CIBC Capital Markets. They include FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., Scotiabank, GMP Securities LP, BMO Capital Markets, Macquarie Capital Markets Canada Ltd. and Dundee Securities Ltd.