Bellatrix closes C$10 million CDE flow-through financing

On October 27, 2016, Bellatrix Exploration Ltd. ("Bellatrix") closed its previously announced bought deal financing through a syndicate of underwriters, pursuant to which Bellatrix issued 8,474,576 common shares on a private placement "flow-through" basis in respect of Canadian Development Expenses ("CDE") at a price of C$1.18 per share resulting in gross proceeds of C$10 million.

Proceeds from the private placement will be used to partially finance Bellatrix's drilling and completion expenditures during the remainder of 2016.

Bellatrix is a Western Canadian based growth oriented oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan.

Further information can be found on PR Newswire's website.