Yangarra Resources Ltd. - 2013-12-12
Description
Closed its bought deal financing selling some 12 million common shares at $0.54 per share, some 3.4 million CDE flow-through shares at $0.59 per share, and some 7.8 million CEE flow-through shares at $0.65 per share with a fully exercised over-allotment option. Proceeds will be used to reduce net debt, fund its capital budget, for operations, and to fund a test well in the Duvernay in 2014. AltaCorp Capital Inc. led the syndicate of underwriters Dundee Securities Ltd., Paradigm Capital Inc., Acumen Capital Finance Partners Ltd., and MGI Securities Inc.