Transaction|October 31, 2013
Twin Butte Energy closes C$70 million bought deal financing
Torys acted as counsel to the underwriters led by Peters & Co. with a team that included Scott Cochlan, Mike Pedlow, Yvan Moquin and Tyrel Henderson.
On October 31, 2013, Twin Butte Energy Ltd. (Twin Butte) announced that it has completed its previously announced bought deal financing.
Twin Butte, through a syndicate of underwriters led by Peters & Co. Limited (Peters & Co.) and including National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., Cormark Securities Inc., GMP Securities L.P., Raymond James Ltd., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc. and Paradigm Capital Inc., issued a total of 35,898,000 subscription receipts at a price of C$1.95 per subscription receipt for gross proceeds of approximately C$70 million.
The gross proceeds from the sale of subscription receipts will be used in part to fund the acquisition of Black Shire Energy Inc.
Further information can be found on Twin Butte's website.
Twin Butte, through a syndicate of underwriters led by Peters & Co. Limited (Peters & Co.) and including National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., Cormark Securities Inc., GMP Securities L.P., Raymond James Ltd., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc. and Paradigm Capital Inc., issued a total of 35,898,000 subscription receipts at a price of C$1.95 per subscription receipt for gross proceeds of approximately C$70 million.
The gross proceeds from the sale of subscription receipts will be used in part to fund the acquisition of Black Shire Energy Inc.
Further information can be found on Twin Butte's website.