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Altura Energy Inc. Announces Closing of Previously Announced Brokered Private Placement
Altura Energy Inc. Announces Closing of Previously Announced Brokered Private Placement ...
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[{"type":"text","content":"\n \n \n \n Altura Energy Inc. Announces Closing of Previously Announced Brokered Private Placement\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./\n \n \n \n \n CALGARY, AB\n \n ,\n \n Sept. 22, 2021\n \n /CNW/ - Altura Energy Inc. (\n \n \"Altura\"\n \n or the\n \n \"Company\"\n \n ) (TSXV: ATU) is pleased to announce the closing of its previously announced brokered private placement of an aggregate of 136,112,000 subscription receipts of the Company (\n \n \"Subscription Receipts\"\n \n ) at a price of\n \n $0.18\n \n per Subscription Receipt for gross proceeds of\n \n $24.5 million\n \n (the\n \n \"Brokered Private Placement\"\n \n ). The Brokered Private Placement was led by National Bank Financial Inc. (\n \n \"NBF\"\n \n ), along with a syndicate of agents, including RBC Capital Markets, Stifel Nicolaus Canada Inc. and ATB Capital Markets Inc. (collectively, the\n \n \"Agents\"\n \n ).\n \n \n Each Subscription Receipt will entitle the holder thereof to receive one common share of the Company (a\n \n \"Common Share\"\n \n ) for no additional consideration and without any further action, upon: (i) completion of the Company's previously announced change of management transaction and its previously announced non-brokered private placement of 27,778,000 units of the Company (\n \n \"Units\"\n \n ) at a price of\n \n $0.18\n \n per Unit for gross proceeds of\n \n $5.0 million\n \n (the\n \n \"Non-Brokered Private Placement\"\n \n ) in accordance with the reorganization and investment agreement (the\n \n \"Investment Agreement\"\n \n ) dated\n \n August 30, 2021\n \n among the Company and an initial investor group, comprised of\n \n Anthony Marino\n \n ,\n \n Michael Kaluza\n \n ,\n \n Bradley Bennett\n \n ,\n \n Jonathan Balkwill\n \n ,\n \n Marty Proctor\n \n ,\n \n Mark Rollins\n \n and others, and without material waiver thereof unle...