Business
Madalena Ventures Inc. Announces Increase to Financing
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITE...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, Feb. 14, 2012 /CNW/ - Madalena Ventures Inc. (\"Madalena\" or the\n \"Company\") (TSX VENTURE:MVN) is pleased to announce that it has\n increased its previously announced bought deal financing with a\n syndicate of underwriters (the \"Underwriters\") led by Casimir Capital\n Ltd. pursuant to which the Underwriters will now acquire, on a bought\n deal basis, 48,000,000 common shares at a price of $1.25 per common\n share to raise gross proceeds of $60,000,000 (the \"Offering\"). Madalena\n has also granted the Underwriters an over-allotment option (the\n \"Over-Allotment Option\") to purchase, on the same terms, up to an\n additional 6,000,000 common shares. The Over-Allotment Option is\n exercisable in whole or in part by the Underwriters at any time up to\n 30 days after closing. If the Over-Allotment Option is exercised in\n full, the maximum gross proceeds raised would be $67,500,000.\n\n\nThe net proceeds of the Offering will be used to fund the Company's\n capital expenditure program and for other general corporate purposes.\n\n\nThe Common Shares will be offered in certain provinces of Canada by way\n of a short form prospectus and on a private placement basis elsewhere\n where permitted pursuant to applicable exemptions from the prospectus\n and registration requirements. The closing of the Offering is expected\n to occur on or about March 7, 2012, and is subject to certain\n conditions, including, but not limited to, the receipt of all necessary\n regulatory approvals, including the approval of the TSX Venture\n Exchange.\n\n\nMadalena is an independent, Canadian-based, international upstream oil\n and gas company whose main business activities include exploration,\n development and production of crude oil, natural gas liquids and\n natural gas. The Company currently has production and exploration\n operations in Argentina and is focused on international oil and gas\n opportunities in South America. Madalena is publicly traded on the TSXV\n under the symbol \"MVN\".\n\n\nThe securities offered have not been and will not be registered under\n the U.S. Securities Act of 1933, as amended, and may not be offered or\n sold in the United States absent registration or applicable exemption\n from t...