Opérations et transactions|3 décembre 2013
NuVista Energy Ltd. closes equity financing
Torys acted as counsel to the underwriters co-led by Peters & Co. and RBC Capital Markets with a team that included Scott Cochlan, Janan Paskaran, Yvan Moquin and Christopher Roehrig.
On December 3, 2013, NuVista Energy Ltd. (NuVista) announced that it closed its previously announced public offering of 11,000,000 common shares at a price of C$7.10 per common share, for gross proceeds of C$78.1 million.
Under the agreement, announced November 12, 2013, the shares were offered on a bought deal basis, through a syndicate of underwriters co-led by Peters & Co. Limited and RBC Capital Markets and including CIBC World Markets Inc., FirstEnergy Capital Corp., Scotia Capital Inc., BMO Capital Markets, TD Securities Inc., and National Bank Financial Inc.
NuVista will use the net proceeds of the offering to pay down bank indebtedness and then to fund its remaining 2013 and 2014 Wapiti Montney capital program.
NuVista is an independent Canadian oil and natural gas exploration, development and production company.
Further information can be found on The Wall Street Journal's website, as well as on Canada Newswire.
Under the agreement, announced November 12, 2013, the shares were offered on a bought deal basis, through a syndicate of underwriters co-led by Peters & Co. Limited and RBC Capital Markets and including CIBC World Markets Inc., FirstEnergy Capital Corp., Scotia Capital Inc., BMO Capital Markets, TD Securities Inc., and National Bank Financial Inc.
NuVista will use the net proceeds of the offering to pay down bank indebtedness and then to fund its remaining 2013 and 2014 Wapiti Montney capital program.
NuVista is an independent Canadian oil and natural gas exploration, development and production company.
Further information can be found on The Wall Street Journal's website, as well as on Canada Newswire.