Business
Jura Energy Corporation announces $30.0 million bought deal
Jura Energy Corporation announces $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, May 16 /CNW/ - Jura Energy Corporation (the "Company") is\npleased to announce that it has entered into an agreement with Paradigm\nCapital Inc., on behalf a syndicate of underwriters led by Paradigm, pursuant\nto which the underwriters have agreed to purchase 26,100,000 common shares of\nJura on a bought deal basis, at a price of $1.15 per share for aggregate gross\nproceeds to the Company of approximately $30.0 million (the "Offering"). The\nCompany will file a preliminary short form prospectus in each of the provinces\nof Canada other than Quebec for the purpose of qualifying the common shares\nfor distribution to the public on or before May 23, 2007 and the Offering is\nscheduled to close on or about June 6, 2007. The Offering is subject to\ncertain conditions including, but not limited to, the receipt of all necessary\napprovals, including the approval of the Toronto Stock Exchange and the\nsecurities regulatory authorities.\n\n\nThe proceeds of the Offering will be used to fund the Company's 2007 and\n2008 capital program and for general corporate purposes.\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 nat...