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Tamarack Valley Energy Ltd. Announces $125 million Bought Deal Offering of Common Shares
Tamarack Valley Energy Ltd. Announces $125 million Bought Deal Offering of Common Shares ...
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n \n \n \n Tamarack Valley Energy Ltd. Announces $125 million Bought Deal Offering of Common Shares\n \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 \n Canada NewsWire\n \n \n \n \n \n TSX: TVE\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 12, 2022\n \n \n /CNW/ - Tamarack Valley Energy Ltd. (\"\n \n Tamarack\n \n \" or the \"\n \n Company\n \n \") has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and National Bank Financial Inc. (the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, for resale to the public, on a bought-deal basis, approximately 33 million common shares (\"\n \n Common Shares\n \n \") of Tamarack at a price of\n \n $3.75\n \n per Common Share for gross proceeds of approximately\n \n $125.0 million\n \n (the \"\n \n Offering\n \n \"). The net proceeds from the Offering will be used to partially fund the acquisition of Deltastream Energy Corporation (\"\n \n Deltastream\n \n \"), as separately announced today (the \"\n \n Acquisition\n \n \"). The Underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Offering at a price of\n \n $3.75\n \n per Common Share to cover over-allotments exercisable in whole or in part at any time until 30 days after the closing.\n \n \n The Common Shares issued pursuant to the Offering will be distributed by way of a short form prospectus in all provinces of\n \n Canada\n \n (excluding Québec) and may also be placed privately in\n \n the United States\n \n to Qualified Institutional Buyers (as defined under Rule 144A under the United States Securities Act of 1933, as amended (the \"\n \n U.S. Securities Act\n \n \")) pursuant to an exemption under Rule 144A, and may be distributed outside\n \n Canada\n \n and\n \n the United States\n \n on ...