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Donnycreek Announces Closes On C$29 Million Of Equity

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October 15, 2012

Donnycreek Energy Inc. (Toronto Venture: DCK) reports that it has closed its previously announced brokered private placement and land acquisition by completing the sale of C$29 million of common shares of the company.

The offering was made through a syndicate of agents led by RBC Capital Markets and including Paradigm Capital Inc. and Cormark Securities Inc.

Donnycreek will expend the proceeds from the offering on drilling the company's Kakwa block, advancing the Wapiti assets to be acquired in connection with the acquisition toward commercial development and for general corporate purposes. ...

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