Finance & Investing | Capital Markets
Manitok Announces 20.3 Million Equity Financing
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Manitok Energy Inc. announced that, in connection with its previously announced offering of common shares on a flow-through basis, Manitok and the syndicate of underwriters co-led by National Bank Financial Inc., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. and including Integral Wealth Securities Ltd., RBC Capital Markets Corp. and TD Securities Inc., have agreed to increase the size of the offering to an aggregate of 5,638,900 common shares in the capital of Manitok to be issued on a Canadian Exploration Expense ("CEE") flow-through basis under the Income Tax Act (Canada) ("CEE Flow Through Shares") at a price of $3.60 per CEE Flow Through Share and 1,403,000 Common Shares to be issued on a Canadian Development Expense ("CDE") flow-through basis under the…
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