Traverse Energy Ltd. completes C$11.5 million bought deal offering
Date Closed: 3/12/2014
Value: C$11.5 million
On March 12, 2014, Traverse Energy Ltd. closed its previously announced “bought-deal” financing, pursuant to which the Corporation issued an aggregate of 14,375,000 common shares which includes the exercise in full of the over-allotment option of 1,875,000 Common Shares, at a price of $0.80 per Common Share for total gross proceeds of $11,500,000.
BLG represented Traverse Energy Ltd. with a team including Daniel Kolibar and Nav Dhaliwal.
