Transaction|November 13, 2013
RMP Energy closes C$50 million equity financing
On November 13, 2013, RMP Energy Inc. (RMP) reported that it closed its previously announced "bought deal" equity financing. Pursuant to the terms of the financing outlined on October 24, 2013, RMP issued approximately 8.2 million common shares at a price of C$6.10 per share, for total gross proceeds of approximately C$50.0 million.
The offering was underwritten by a syndicate led by GMP Securities L.P. including, Peters & Co. Limited, Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Cormark Securities Inc., FirstEnergy Capital Corp., Scotia Capital Inc. and CIBC World Markets Inc.
The net proceeds will be used to fund an expanded fourth quarter 2013 capital expenditures program, including the previously announced strategic asset acquisition of the recently completed Ante Creek Montney oil will, in addition to Waskahigan and Grizzly area operations.
RMP is a junior oil and gas company with high-quality assets concentrated in West Central Alberta and southeastern Saskatchewan.
Further information can be found on The Wall Street Journal's website.
The offering was underwritten by a syndicate led by GMP Securities L.P. including, Peters & Co. Limited, Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Cormark Securities Inc., FirstEnergy Capital Corp., Scotia Capital Inc. and CIBC World Markets Inc.
The net proceeds will be used to fund an expanded fourth quarter 2013 capital expenditures program, including the previously announced strategic asset acquisition of the recently completed Ante Creek Montney oil will, in addition to Waskahigan and Grizzly area operations.
RMP is a junior oil and gas company with high-quality assets concentrated in West Central Alberta and southeastern Saskatchewan.
Further information can be found on The Wall Street Journal's website.