Surge Energy Inc. - 2014-02-04
Description
Closed a bought-deal financing issuing 11.1 million subscription receipts sold at $6.30 each with an over-allotment option. Macquarie Capital Markets Canada Ltd. led 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. Net proceeds will partially fund the acquisition of certain assets in SE Saskatchewan.