Valeura Energy closes C$10 million bought deal financing
Torys acted as counsel to Valeura with a team that included Mike Pedlow, Stephanie Stimpson and Julie Treleaven (corporate/securities).
On February 8, 2023, Valeura Energy Inc. (“Valeura”) announced the closing of its previously announced private placement of 3,937,000 common shares, on a bought deal basis, at a price of C$2.54 per share for aggregate gross proceeds of approximately C$10 million.
The offering was led by Research Capital Corporation as the sole underwriter and sole bookrunner.
Net proceeds from the offering will be used to fund Valeura’s pre-production operations at the Wassana field and its Wassana infill drilling programme and for general corporate purposes.
Further information can be found on Globe Newswire’s website.
Valeura is the upstream oil and gas company with assets in the offshore Gulf of Thailand and the Thrace Basin of Turkey, and is pursuing further inorganic growth in Southeast Asia.