Exploration & Production
NuVista Bags $110 Million To Fund Montney Development
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NuVista Energy Ltd. has announced that in connection with its previously announced bought deal offering of common shares and placement of common shares, issued on a "flow-through basis" in respect of Canadian development expense, the Company and the syndicate of underwriters led by RBC Capital Markets and Peters & Co. Limited, have agreed to increase the size of the offering to an aggregate of 2,313,000 Flow-Through Common Shares at a price of $8.65 per Flow-Through Common Share. The size of the previously announced offering of Common Shares at a price of $7.85 per Common Share remains unchanged at 11,465,000 Common Shares. Aggregate gross proceeds of the offering will now be approximately $110…
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