PHX Energy Services Corp. - 2013-09-27

Entered into a bought-deal financing to issue 2.6 million common shares and private placement of 500,000 shares at $10.40 per share. Net proceeds will be used to reduce indebtedness, which will be available to fund ongoing capital expenditure program and for general corporate purposes. Peters & Co. Ltd. led the syndicate of underwriters RBC Capital Markets, Scotia Capital Inc., Cormark Securities Inc., and FirstEnergy Capital Corp.