VALEURA ANNOUNCES CLOSING OF $60 MILLION BOUGHT DEAL FINANCING
CALGARY, Mar. 1, 2018 /CNW/ – Valeura Energy Inc. (“Valeura” or the “Corporation”) (TSX: VLE) has completed its previously announced public offering of common shares (the “Shares”) for gross proceeds of $60,003,900 (the “Offering”). The Shares were sold through a syndicate of underwriters led by GMP FirstEnergy and including Cormark Securities Inc.
The Corporation intends to use the net proceeds from the Offering to fund its 2018 and 2019 capital program which is focused on the continued appraisal of its unconventional, basin-centered gas play in Turkey and for general corporate purposes.
ABOUT THE CORPORATION
Valeura Energy Inc. is a Canada-based public company currently engaged in the exploration, development and production of petroleum and natural gas in Turkey.