Vero Energy Inc. - 2012-10-08
Description
TORC Oil & Gas Ltd. has closed its bought-deal private placement in connection with the proposed combination of Vero and TORC to create a new light-oil focused company. The syndicate of underwriters was led by Macquarie Capital Markets Canada Ltd., and included FirstEnergy Capital Corp., TD Securities Inc., Dundee Securities Ltd., GMP Securities L.P., BMO Capital Markets, CIBC, National Bank Financial Inc., Peters & Co. Ltd., RBC Capital Markets, Canaccord Genuity Corp., Cormark Securities Inc. and Raymond James Ltd. Net proceeds will be used to fund ongoing capital expenditures and for general corporate purposes.