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Article: Canada : BlackWatch Energy Services Corp. Announces $75 Million Bought Deal Financing.
- Article from:
- TendersInfo
- Article date:
- August 26, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
BlackWatch Energy Services Corp. ("BlackWatch" or the "Company") (TSX:BWT) is pleased to announce that it has entered into an equity financing agreement on a "bought deal" basis (the "Offering"). Pursuant to the terms of the Offering, BlackWatch will issue, on an underwritten basis, 75,000,000 common shares at a price of $1.00 per share for total gross proceeds of $75,000,000. The Offering will be underwritten by a syndicate of underwriters led by Peters & Co. Limited and including Cormark Securities Inc., FirstEnergy Capital Corp. and Scotia Capital Inc. (the "Underwriters"). BlackWatch has also granted the Underwriters an option to purchase up ...