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Crocotta Energy announces increase to bought deal private placement


Published Jun 16, 2014
Crocotta Energy Inc.

Crocotta Energy Inc. announce that, in connection with the previously announced bought deal private placement offering of subscription receipts of 1828073 Alberta Ltd. ("ExploreCo"), ExploreCo and the syndicate of underwriters led by National Bank Financial Inc. and including Haywood Securities Inc., Macquarie Capital Markets Canada Ltd., GMP Securities L.P., Paradigm Capital Inc., Acumen Capital Finance Partners Limited, Dundee Securities Ltd., BMO Nesbitt Burns Inc., Scotia Capital Inc., Clarus Securities Inc., Jennings Capital Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Desjardins Securities Inc. (collectively, the "Underwriters"), have agreed to increase the size of the offering to an aggregate of 26,471,000 subscription receipts of ExploreCo (the "Subscription Receipts") at a price of $1.70 per Subscription Receipt (the "Subscription Receipt Offering").

Aggregate gross proceeds of the Subscription Receipt Offering will now be approximately $45.0 million.

Tags: Crocotta Energy Inc.




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