High Arctic closes C$25 million bought deal offering of subscription receipts

Closing Date: 06/11/2014

Value: C$25 million

On June 11, 2014, High Arctic Energy Services Inc. (High Arctic or the Corporation) announced that it had closed its previously announced offering (the Offering) of 5,051,000 subscription receipts (the Subscription Receipts) at a price of $4.95 per Subscription Receipt.

A syndicate led by National Bank Financial Inc. and including PI Financial Corp., AltaCorp Capital Inc. and Lightyear Capital Inc. acted as underwriters for the Offering.

BLG represented National Bank Financial with a team led by Kent Kufeldt and Michael Saliken and including Ravi Latour.