Transaction|November 5, 2013
Bellatrix Exploration Ltd. closes C$175 million bought deal financing
Torys acted as counsel to the underwriters led by Canaccord Genuity and Dundee Securities with a team that included Scott Cochlan, Yvan Moquin, Leah Dickie and Christopher Roehrig.
On November 5, 2013, Bellatrix Exploration Ltd. (Bellatrix) announced that it closed its previously announced bought deal offering of 21,875,000 common shares at a price of C$8.00 per common share for aggregate gross proceeds of approximately C$175 million.
The common shares were sold by a syndicate of underwriters with Canaccord Genuity Corp., as global bookrunner, co-bookrunner and co-lead underwriter, and Dundee Securities Ltd., as co-bookrunner and co-lead underwriter.
Proceeds of the offering will be used to fund Bellatrix's acquisition of Angle Energy Inc., as well as a portion of the corporation's obligations under its C$240 million joint venture with Troika Resources Private Equity Fund and for general corporate purposes.
Further information can be found on Digital Journal's website.
The common shares were sold by a syndicate of underwriters with Canaccord Genuity Corp., as global bookrunner, co-bookrunner and co-lead underwriter, and Dundee Securities Ltd., as co-bookrunner and co-lead underwriter.
Proceeds of the offering will be used to fund Bellatrix's acquisition of Angle Energy Inc., as well as a portion of the corporation's obligations under its C$240 million joint venture with Troika Resources Private Equity Fund and for general corporate purposes.
Further information can be found on Digital Journal's website.