Bellatrix Exploration Ltd. (TO: BXE.TO, NYSE MKT: BXE) resized and repriced a recently announced common share offer, the company said May 28.
A total of 15.8 million common shares were offered, on a bought deal basis, at $9.50 each, the company said. There were C$150 million in aggregate gross proceeds, the company said.
An underwriters’ option, to purchase an additional 2.4 million shares at the same price per share, was offered, the company said. This covered any additional proceeds of C$22.5 million, Bellatrix said.
The proceeds will temporarily reduce credit ...