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Article: Open Range Energy Corp. Announces Closing of $65 Million Bought-Deal Financing.
- Article from:
- Marketwire Canada
- Article date:
- November 3, 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, Nov 3, 2009 (Marketwire via COMTEX) -- Open Range Energy Corp. ("Open Range" or the "Company") (TSX:ONR) is pleased to announce that it has completed the issuance of 31,350,000 subscription receipts ("Subscription Receipts") at a price of $1.85 per Subscription Receipt and 3,050,000 special warrants ("Flow-Though Warrants") at a price of $2.30 per Flow-Through Warrant, resulting in gross proceeds of approximately $65 million. This bought-deal financing, previously announced on October 13, 2009, was led by Cormark Securities Inc. and included FirstEnergy Capital Corp., National Bank Financial Inc., Canaccord Capital Corp Raymond James Ltd., Dundee ...