Opérations et transactions|8 janvier 2015
Toro closes C$15 million public equity financing
Torys acted as counsel to Toro with a team that included Scott Cochlan, Janan Paskaran, Leah Dickie and Meredith St. John.
On January 8, 2015, Toro Oil & Gas Ltd. (Toro) closed the previously announced bought deal equity financing, raising C$15 million in gross proceeds. Pursuant to the agreement, announced December 16, 2014, an aggregate of 15,000,000 common shares were issued by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd., together with Dundee Securities Ltd., National Bank Financial Inc. and GMP Securities L.P., at a price of C$1.00 per share.
The net proceeds of the public offering will be used to fund Toro's ongoing exploration and development activities and for general corporate purposes.
Further information can be found on Marketwired's website.