Valeura Energy Inc. ((VLE.TO) is pleased to announce that it has entered into an agreement with a syndicate of underwriters to purchase, on a "bought deal" basis, 11,500,000 common shares of Valeura at a price of $1.30 per common share for gross proceeds of approximately $15.0 million.

The syndicate will be led by Cormark Securities Inc. and includes National Bank Financial Inc., Canaccord Genuity Corp., FirstEnergy Capital Corp., and Jennings Capital Inc.In addition, the corporation has granted the underwriters an over-allotment option to acquire up to an additional 1,725,000 common ...