Transaction|December 23, 2014
Toro closes C$5.8 million bought deal private placement of flow-through shares
Torys acted as counsel to Toro with a team that included Scott Cochlan, Janan Paskaran, Yvan Moquin and Meredith St. John.
On December 23, 2014, Toro Oil & Gas Ltd. (Toro) announced that it closed the previously announced bought deal private placement, for total gross proceeds of approximately C$5.8 million. Pursuant to the agreement, announced on December 16, 2014, a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Dundee Securities Ltd., National Bank Financial Inc. and GMP Securities L.P., placed an aggregate of 5,094,500 common shares (including 664,500 common shares exercised as part of the underwriters' option) at a price of C$1.13 per flow-through share.
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