Business
Compton Petroleum announces equity offering
CALGARY, Sept. 10 /CNW/ - Compton Petroleum Corporation (TSX - CMT, NYSE - CMZ) is pleased to ann...
About this update from Cullinan Metals Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Sept. 10 /CNW/ - Compton Petroleum Corporation (TSX - CMT, NYSE\n- CMZ) is pleased to announce that it has filed a preliminary short form\nprospectus in each of the provinces of Canada, except Quebec, in connection\nwith a potential public offering (the "Offering") of units of Compton (the\n"Units"). Each Unit will consist of one common share in the capital of Compton\n(a "Common Share") and one full common share purchase warrant of Compton, as\ndetermined in the context of the market.\n\n\nThe Offering will be conducted through a syndicate of underwriters\nintended to be led by Canaccord Capital Corporation. The Offering will be\npriced in the context of the market with the final terms of the Offering to be\ndetermined at the time of pricing. The net proceeds of the Offering will be\nused to reduce Compton's bank debt and to strengthen its capital position.\n\n\nThe Offering will be sold publicly in each of the provinces of Canada,\nexcept Quebec, and in the United States pursuant to the multi-jurisdictional\ndisclosure system implemented by securities regulatory authorities in the\nUnited States and Canada, and in such other jurisdictions as may be\ndetermined. A registration statement relating to these securities has been\nfiled with the United States Securities and Exchange Commission but has not\nyet become effective. The securities may not be sold nor may offers to buy be\naccepted prior to the time the registration statement becomes effective. This\nnews release shall not constitute an offer to sell or the solicitation of an\noffer to buy nor shall there be any sale of these common shares in any\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of any such\njurisdiction.\n\n\nThe Offering is subject to certain customary conditions and regulatory\napprovals, including the approval of the Toronto Stock Exchange and the New\nYork Stock Exchange.\n\n\nA copy of the prospectus relating to the securities may be obtained by\nvisiting SEDAR at http://www.sedar.com/ or on the SEC's website at\nhttp://www.sec.gov/.\n\n\nForward Looking Statements\n\n\nCertain information regarding the Corporation contained herein\nconstitutes forward-looking information and statements and financial outlooks\n(coll...