TriOil Announces Increase Equity Financing to Fund Cardium Drilling
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TriOil Resources, is pleased to announce that it agreed to increase the size of its previously announced bought deal equity financing through a syndicate of underwriters led by Canaccord Genuity Corp. and GMP Securities L.P. and including Dundee Securities Ltd., TD Securities Inc., AltaCorp Capital Inc., Haywood Securities Inc., Cormark Securities Inc., Raymond James Ltd., and Desjardins Securities Inc. (collectively the "Underwriters"). Under the new terms of the financing, the Underwriters have agreed to purchase, on a bought deal basis, 7,845,000 common shares of TriOil (the "Common Shares") at a price of $2.55 per Common Share and 2,917,288 common shares to be issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $3.00 per Flow-Through Share, for aggregate gross…
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