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Article: Pengrowth Energy Trust Announces Increase in Size of Bought Deal Financing to Cdn $300 Million.
- Article from:
- Marketwire Canada
- Article date:
- October 15, 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, Oct 15, 2009 (Marketwire via COMTEX) -- Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) ("Pengrowth") today announced that, in response to strong investor demand, it has entered into an agreement to increase the size of its previously announced offering. Pengrowth has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets as sole bookrunner and BMO Capital Markets as co-lead manager, under which they have agreed to purchase from Pengrowth and sell to the public 28,847,000 Trust Units.
The purchase price of Cdn $10.40 per Trust Unit will result in gross proceeds to Pengrowth of approximately Cdn $300 million. The ...