TORC, Vero Energy Close On $120 Million Of Equity
October 5, 2012
Vero Energy Inc. (Toronto Venture: VRO) and TORC Oil & Gas Ltd. announce that TORC has closed its previously announced bought-deal private placement in connection with the proposed combination of Vero and TORC to create a new light-oil focused company.
A total of 30,800,000 subscription receipts of TORC have been issued at a price of $2.60 per receipt for gross proceeds of $80,080,000 and 12,910,000 flow-through subscription receipts of TORC have been issued at a price of $3.10 per flow-through receipt for gross proceeds of $40,021,000.
The subscription receipts and ...
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