Business
Valeura Announces Closing of $60 Million Bought Deal Financing
Valeura Announces Closing of $60 Million Bought Deal Financing Canada NewsWire C...
About this update from Valeura Energy Inc.
[{"type":"text","content":"\n\n\n\nValeura Announces Closing of $60 Million Bought Deal 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\n\nCanada NewsWire\nCALGARY, March 1, 2018\n\n\n\n/NOT FOR DISTIRBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n\n\n\nCALGARY, March 1, 2018 /CNW/ - Valeura Energy Inc. (\"Valeura\" or the \"Corporation\") (TSX: VLE) has completed its previously announced public offering of common shares (the \"Shares\") for gross proceeds of $60,003,900 (the \"Offering\"). The Shares were sold through a syndicate of underwriters led by GMP FirstEnergy and including Cormark Securities Inc.\n\n\n \n \n\n \nThe Corporation intends to use the net proceeds from the Offering to fund its 2018 and 2019 capital program which is focused on the continued appraisal of its unconventional, basin-centered gas play in Turkey and for general corporate purposes.\n\nABOUT THE CORPORATION\n\nValeura Energy Inc. is a Canada-based public company currently engaged in the exploration, development and production of petroleum and natural gas in Turkey.\n\nForward-Looking Statements and Cautionary Statements\n\nThis press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as \"intend\" and other similar words, or statements that certain events or conditions \"may\" or \"will\" occur. Forward-looking statements in this press release includes information with respect to the use of proceeds of the Offering. Forward-looking statements are based on the current expectations and opinions of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause the actual use of proceeds of the Offering to differ materially from that projected in the forward-looking statements. The Corporation cannot assure that actual use of proceeds of the Offering will be consistent with these forward-looking statements. They are made as of the date hereof and are subject to change ...