NuVista Energy closes equity financings

Torys acted as counsel to the underwriters led by RBC Capital Markets and Peters & Co. with a team that included Scott Cochlan, Janan Paskaran and Yvan Moquin.

On April 29, 2015, NuVista Energy Ltd. (NuVista) closed its public offering of 11,465,000 common shares and 2,313,000 common shares issued on a "flow-through" basis pursuant to the Tax Act (Canada) for aggregate gross proceeds of approximately C$110 million. The shares were offered through a syndicate of underwriters co-led by RBC Capital Markets and Peters & Co. Limited and including CIBC World Markets Inc., Scotia Capital Inc., FirstEnergy Capital Corp., TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. at a price of C$7.85 per common share and C$8.65 per flow-through share.

In addition NuVista issued, on a non-brokered private placement basis, 231,040 flow-through shares at a price of C$8.65 per flow-through share for aggregate gross proceeds of approximately C$2 million.

Further information can be found on NuVista's website.