Surge Energy Inc. - 2013-11-06
Description
Entered into a bought deal financing to issue 8.4 million subscription receipts at $6.55 per receipt. Net proceeds will be used to fund its acquisition of core area crude oil assets. Macquarie Capital Markets Canada Ltd. leads the syndicate of underwriters GMP Securities LP, National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc., Dundee Securities Ltd., FirstEnergy Capital Corp., Cormark Securities Inc., TD Securities Inc., and Raymond James Ltd.