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Bankers Petroleum Announces $100 Million Bought-Deal Financing
Jun. 28, 2010 04:00PM PST
Oil and Gas InvestingBankers Petroleum Ltd. (TSX:BNK)(AIM:BNK) announced it has entered into an agreement with Raymond James Ltd., on behalf of a syndicate of underwriters co-led by Raymond James Ltd. and GMP Securities L.P., under which the members of the Syndicate have agreed to purchase, on a bought deal basis, 12,903,228 common shares of the Company at Cdn$7.75 per Common Share to raise gross proceeds of Cdn$100,000,017.
Bankers Petroleum Ltd. (TSX:BNK)(AIM:BNK) announced it has entered into an agreement with Raymond James Ltd., on behalf of a syndicate of underwriters co-led by Raymond James Ltd. and GMP Securities L.P., under which the members of the Syndicate have agreed to purchase, on a bought deal basis, 12,903,228 common shares of the Company at Cdn$7.75 per Common Share to raise gross proceeds of Cdn$100,000,017.
The press release is quoted as saying:
Closing of the Offering, which is subject to customary conditions and regulatory approvals, including approval of the Toronto Stock Exchange, is expected to occur on or about July 14, 2010.
Click here to access the entire press release