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Article: BlackWatch Energy Services Corp. Announces Closing of $86.25 Million Bought Deal Financing.
- Article from:
- Marketwire Canada
- Article date:
- September 18, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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CALGARY, ALBERTA, Sep 18, 2009 (Marketwire via COMTEX) -- BlackWatch Energy Services Corp. ("BlackWatch") (TSX:BWT) is pleased to announce that it has closed its previously announced bought deal equity financing (the "Offering"). Pursuant to the terms of the Offering, BlackWatch issued 86,250,000 common shares, which included 11,250,000 common shares issued on exercise of the over-allotment option, at a price of $1.00 per share for total gross proceeds of $86,250,000 through a syndicate of underwriters led by Peters & Co. Limited and including Cormark Securities Inc., FirstEnergy Capital Corp. and Scotia Capital Inc.
The net proceeds of the Offering will be used ...