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Spartan Energy Corp. Upsizes Bought Deal Financing

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May 28, 2014

Calgary, Alberta-based Spartan Energy Corp. (TSXV: SPE.V) said on May 27 that it increased the size of a bought deal financing that is scheduled to close June 17.

A total amount of 34,670,000 common shares were issued at $3.75 each for aggregate gross proceeds of C$130 million, the company said.

A monthlong underwriters’ option will allow for the purchase of an additional 5,200,500 shares, Spartan added.

The underwriters are led by Peters & Co. Ltd., Clarus Securities Inc. and GMP Securities LP, Spartan said. They include TD Securities Inc., Dundee ...

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