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Jura Energy Corporation announces closing of $30.0 million bought deal
Jura Energy Corporation announces closing of $30.0 million bought deal.
About this update from Jura Energy Corporation
[{"type":"text","content":"\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY\n\n\nAND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES\n\n\nOR DISSEMINATION IN THE UNITED STATES./\n\n\n(JEC) TSX\n\n\nCALGARY, June 6 /CNW/ - Jura Energy Corporation (the "Company") is\npleased to announce that it has closed an equity financing with a syndicate of\nunderwriters led by Paradigm Capital Inc., pursuant to which the underwriters\nhave purchased 26,100,000 common shares of Jura on a bought deal basis, at a\nprice of $1.15 per share for aggregate gross proceeds to the Company of\napproximately $30.0 million (the "Offering"). The net proceeds of the Offering\nwill be used to fund a portion of the Company's 2007 and 2008 capital program.\n\n\nThe securities being offered have not been, nor will they be, registered\nunder the United States Securities Act of 1933, as amended, and may not be\noffered or sold in the United States or to, or for the account or benefit of,\nU.S. persons absent registration or an applicable exemption from registration\nrequirements. This press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy nor shall there be any sale of the securities\nin any state in which such offer, solicitation or sale would be unlawful.\n\n\nAbout Jura:\n\n\nJura Energy Corporation is an international energy company engaged in the\nexploration, development and production of petroleum and natural gas\nproperties with activities conducted exclusively in Pakistan. Jura is based in\nCalgary, Alberta, and listed on the Toronto Stock Exchange trading under the\nsymbol JEC.\n\n\nForward-looking statements: This document contains statements about\nexpected or anticipated future events and financial results that are\nforward-looking in nature and, as a result, are subject to certain risks and\nuncertainties, such as general economic, market and business conditions, the\nregulatory process and actions, technical issues, new legislation, competitive\nand general economic factors and conditions, the uncertainties resulting from\npotential delays or changes in plans, the occurrence of unexpected events, and\nthe Corporation's capability to execute and implement its future plans. Actual\nresults may differ materially from those projected by management. For such\nstatements, we claim th...