Business
Bonterra Oil & Gas Ltd. announces closing of $18 million bought deal offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ CALGARY, May 27...
About this update from Bonterra Energy Corp.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\nTHE U.S./\n\n\nCALGARY, May 27 /CNW/ - Bonterra Oil & Gas Ltd. (TSX:BNE) (the\n"Corporation" or "Bonterra") has announced today that it has closed the\nprivate placement previously announced on May 7, 2009. The private placement\nwas conducted with a syndicate of underwriters co-led by Research Capital\nCorporation and J.F. Mackie & Company Ltd. and including FirstEnergy Capital\nCorp. and Haywood Securities Inc. (collectively, the "Underwriters") and\nconsisted of the issuance of an aggregate of 1,068,000 common shares\n(including 178,000 common shares issued pursuant to the exercise in full of\nthe Underwriters' over-allotment option) at a price of $16.85 per share for\ngross proceeds of $17,995,800.00. The Underwriters were paid a cash commission\non the gross proceeds of the private placement. The net proceeds received by\nthe Corporation from the private placement are expected to be used to reduce\ndebt, to conduct development activities on the Corporation's oil and gas\nproperties and for general working capital.\n\n\nThe Corporation is a conventional oil and gas corporation with operations\nin Alberta, Saskatchewan and British Columbia. The common shares of the\nCorporation are listed on the Toronto Stock Exchange under the symbol "BNE".\n\n\nThe securities have not been and will not be registered under the United\nStates Securities Act of 1933 (the "U.S. Securities Act") or any state\nsecurities laws and may not be offered or sold within the United States or to\nU.S. Persons (as defined in the U.S. Securities Act) unless registered under\nthe U.S. Securities Act and applicable state securities laws, or an exemption\nfrom such registration is available.\n\n\nCaution Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking statements and information\nwithin the meaning of applicable securities laws, including but not limited to\nthe use of the net proceeds of the private placement. Forward-looking\nstatements and information are often, but not always, identified by the use of\nwords such as "expect", "may", "could", "anticipate" or "will" and similar\nexpressions and may describe expectations, opinions or gui...