Strategic Oil & Gas Ltd. - 2013-10-07
Description
Completed its bought deal financing issuing some 12.7 million common shares at $0.95 per share and some 15.5 million flow-through shares at $1.10 per share with an exercised over-allotment. Net proceeds will be used to pay down debt, pay Canadian exploration expenditures, and fund the 2013 drilling program and 2014 capital budget. Raymond James Ltd. and Macquarie Capital Markets Ltd. co-led the syndicate of underwriters Dundee Securities Ltd., FirstEnergy Capital Corp., National Bank Financial Inc., Paradigm Capital Inc., and PI Financial Corp.