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Canacol Expands 2014 Capital Program
Canacol Energy Ltd. has announced that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. on behalf of a syndicate of underwriters, which have agreed to purchase, on a bought deal basis, 15,823,000 common shares of Canacol at a price of $7.90 per Common Share for gross proceeds of $125,001,700.
The Corporation will grant the Underwriters an option to purchase up to 15% additional Common Shares, exercisable for a period of 30 days following the date of closing to cover over-allotments, if any.
Canacol Energy will use the net proceeds from the Offering to expand the Corporation's capital program and for general corporate purposes.
Announced Date
May 06,2014
Value ( $MM )
125
Type
Equity-Stock-Sales
Use of Fund
General Purpose
Company
Canacol Energy Ltd.
Underwriter
/Book Runner
/Book Runner
Canaccord Genuity Inc.
Regions
Canada
Country
Canada
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