Veresen Inc. - 2014-04-03
Description
Closed previously announced bought deal offering. Issued some 17 million shares at $16.50 each. This included an overallotment option of some 2 million shares. Net proceeds will provide development costs related to the Jordan Cove LNG export terminal project. They will also partially fund growth capex, support general corporate purposes and reduce debts. Underwriters were co-led by Scotiabank, TD Securities Inc. and CIBC.