Ceiba Energy Services Increases Bought Deal Private Placement from C$12.0 Million to C$16.1 Million

Ceiba Energy Services Inc. (TSXV:CEB) has increased the previously announced bought deal financing with a syndicate of underwriters co-led by Peters & Co. Limited and Clarus Securities Inc. and including Canaccord Genuity Corp., Scotia Capital Inc. and Jennings Capital Inc.. Ceiba Energy will now issue 23,000,000 common shares of the company at a price of C$0.70 per common share for gross proceeds to Ceiba of C$16,100,000.

As quoted in the press releaese:

The Offering is expected to close on or about July 24, 2014 (the “Closing Date”) and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The Common Shares issued under the Offering will have a hold period of four months plus one day.

Click here to read the Ceiba Energy Services Inc. (TSXV:CEB) press release