Business
Peyto Energy Trust Announces Closing of $143.8 Million Equity Offering
Peyto Energy Trust Announces Closing of $143.8 Million Equity Offering
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\n Nov. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/Not for distribution to U.S. news wire services or dissemination in the\n United States/\n\n\nCALGARY, Nov. 30 /CNW/ - Peyto Energy Trust (the "Trust") (TSX: PEY.UN)\n is pleased to announce that it has closed its previously announced\n offering of 8,314,500 trust units on a bought deal basis (including\n 1,084,500 trust units issued pursuant to the exercise in full of the\n over-allotment option granted to the underwriters) at a price of $17.30\n per trust unit, for total gross proceeds of approximately $143.8\n million. The syndicate of underwriters was led by BMO Capital Markets\n and included CIBC World Markets Inc., Peters & Co. Limited, RBC Capital\n Markets, FirstEnergy Capital Corp., Stifel Nicolaus Canada Inc.,\n Canaccord Genuity Corp., Haywood Securities Inc. and Scotia Capital\n Inc.\n\n\nNet proceeds from the offering will initially be used to partially repay\n outstanding bank debt, thereby freeing up borrowing capacity which may\n be used to fund a portion of the Trust's ongoing capital program and\n for general purposes.\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 the registration requirements. This news release does not\n constitute an offer to sell or the solicitation of any offer to buy nor\n will there ...