Company also conducts C$25.6 million public sale of 3.2 million shares
By Devika Patel
Knoxville, Tenn., Oct. 29 - NuVista Energy Ltd. said it took in C$14.09 million in a private placement of stock.
The company sold 254,000 flow-through common shares at C$8.00 per share and 1,675,000 flow-through common shares at C$7.20 per share. The prices per share reflect 22.32% and 10.09% premiums, respectively, to the Oct. 28 closing share price of C$6.54.
The company also said it settled a public sale of 3.2 million flow-through common shares at C$8.00 per share for C$25.6 million.
Calgary, Alta.-based NuVista is an oil and natural gas exploration, development and production company with properties located in east central Alberta and west central Saskatchewan.
| Issuer: | NuVista Energy Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$14,092,000
|
| Shares: | 1,929,000
|
| Price: | C$8.00, C$7.20
|
| Warrants: | No
|
| Agents: | BMO Capital Markets (lead), Jennings Capital Inc.
|
| Settlement date: | Oct. 29
|
| Stock symbol: | Toronto: NVA
|
| Stock price: | C$6.54 at close Oct. 24
|
| Market capitalization: | C$770.51 million
|
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