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 Securities Ltd., Desjardins Securities Inc., FirstEnergy Capital Corp., AltaCorp Capital Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Paradigm Capital Inc. and Scotia Capital Inc., the company added.
The company explores and produces oil and natural gas in Alberta.
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