- Tamarack Valley Energy Ltd. (TVE) is increasing its bought-deal financing
- Tamarack will now issue 30,303,000 common shares at a price of C$2.25 per share for gross proceeds of C$68,181,750
- The underwriters will have an option to purchase up to an additional 10% of the common shares issued for C$2.25 per share
- Gross proceeds with the full exercise of the over-allotment option would be C$74,999,925
- Tamarack Valley Energy Ltd. is an oil and gas exploration and production company
- Tamarack Valley Energy Ltd. (TVE) is down 2.10 per cent, trading at C$2.33 per share at 3:30 pm EST
Tamarack Valley Energy Ltd. (TVE) has agreed with the syndicate of underwriters to increase the size of its previously announced bought-deal financing.
The syndicate of underwriters is led by National Bank Financial Inc. and Peters & Co. Limited.
Tamarack will now issue 30,303,000 common shares at a price of C$2.25 per share to raise aggregate gross proceeds of C$68,181,750.
The underwriters will have an option to purchase up to an additional 10% of the common shares issued for C$2.25 per share, exercisable at any time until 30 days after the closing date.
Gross proceeds from the offering would be C$74,999,925 if the over-allotment option is exercised in full.
Tamarack Valley Energy Ltd. is an oil and gas exploration and production company committed to long-term growth and the identification, evaluation and operation of resource plays in the Western Canadian Sedimentary Basin.
Tamarack Valley Energy Ltd. (TVE) is down 2.10 per cent, trading at C$2.33 per share at 3:30 pm EST.