Date closed: 7/13/2016
Value: C$690.8 million
On July 13, 2016, Birchcliff Energy Ltd. completed its previously announced non-brokered private placement of 3,000,000 Subscription Receipts to The Schulich Foundation, an entity controlled by Mr. Seymour Schulich, at a price of C$6.25 per Subscription for gross proceeds of C$18.75 million, which proceeds together with the gross proceeds from the Offering, has raised aggregate gross proceeds of approximately $690.8 million for the Corporation.
BLG represented Birchcliff Energy Ltd. in regards with financing, with a team led by Louise Lee which included Kent Kufeldt and Ravi Latour.
