CanElson Drilling Inc. - 2013-10-10
Description
Closed its bought deal financing of some 5.6 million common shares and exercised over-allotment option sold at $6.20 per share. Net proceeds will be used to reduce indebtedness and for investment opportunities including the construction of three additional drilling rigs. Peters & Co. Ltd. led the syndicate of underwriters FirstEnergy Capital Corp., National Bank Financial Inc., AltaCorp Capital Inc., and Lightyear Capital Inc.