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SECURE Energy Services Inc. Announces Closing of $150 Million Bought Deal Equity Financing
SECURE Energy Services Inc. Announces Closing of $150 Million Bought Deal Equity Financing...
About this update from Secure Waste Infrastructure Corp.
[{"type":"text","content":"\n\n\n\nSECURE Energy Services Inc. Announces Closing of $150 Million Bought Deal Equity Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nSECURE Energy Services Inc. Announces Closing of $150 Million Bought Deal Equity Financing\nCanada NewsWire\nCALGARY, March 22, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ \n\n\n\nCALGARY, March 22, 2016 /CNW/ - SECURE Energy Services Inc. (\"SECURE\" or the \"Corporation\") (TSX:SES) announced today that it has closed its bought deal common share financing with a syndicate of underwriters co-led by FirstEnergy Capital Corp. and Raymond James Ltd., and including National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., BMO Nesbitt Burns Inc., Paradigm Capital Inc., Peters & Co Limited and AltaCorp Capital Inc. (collectively, the \"Underwriters\"). At closing, a total of 19,550,000 common shares of the Corporation were issued at a price of $7.65 per share for gross proceeds of approximately $150 million, which included the full exercise by the Underwriters of their over-allotment option to purchase an additional 2,550,000 common shares. \n\nThe net proceeds of the offering will be used to temporarily repay bank indebtedness, increase working capital and fund ongoing capital expenditure programs and acquisition opportunities. \n\nThe current market environment has presented a number of acquisition opportunities that SECURE is currently reviewing. The focus of near-term potential acquisitions will be in the processing, recovery and disposal and midstream asset classes. \n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or...