RMP Energy closes C$34.5 million bought deal financing
On March 24, 2016, RMP Energy Inc. (RMP) closed its previously announced "bought deal" equity financing. Pursuant to the terms of the equity financing, RMP issued, on an underwritten basis, 24,495,000 common shares at a price of C$1.41 per common share for total gross proceeds of C$34,537,950, which includes the exercise in full of the over-allotment option granted to the underwriters.
The financing was underwritten by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Cormark Securities Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Scotia Capital Inc., GMP Securities L.P., Peters & Co. Limited and Dundee Securities Ltd.
The net proceeds received by the RMP Energy will be used to initially reduce indebtedness and for general and corporate purposes.
RMP is a junior oil and gas company with high-quality assets concentrated in West Central Alberta.
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