PHX Energy Services Corp. - 2015-06-09

Will offer 5.3 million common shares at CA$5.75 each in a bought deal financing. Peters & Co. Ltd. leads a syndicate of underwriters that includes Scotia Capital Inc. and AltaCorp Capital Inc. They were granted an option to purchase 15% more of the shares to cover overallotments for one month after closing. Some of PHX’s management will buy 350,000 additional shares at the offered price in a private placement, for CA$2 million in additional proceeds. All the net proceeds will reduce bank debts, which can be redrawn for capex.