Madalena Energy Inc. has completed its previously announced bought deal short form prospectus offering (the "Offering") through Mackie Research Capital Corporation and RBC Capital Markets, as co-lead underwriters and joint book-runners (the "Co-Lead Underwriters"), on their behalf and on behalf of Haywood Securities Inc., National Bank Financial Inc., Dundee Securities Ltd., Beacon Securities Limited and Cormark Securities Inc. (collectively with the Co-Lead Underwriters, the "Underwriters").

Pursuant to the Offering, Madalena issued an aggregate of 19,575,300 common shares of the Company ("Common Shares") at an issue price of $0.47 per Common Share, including 2,553,300 Common Shares issued pursuant to the exercise of the over-allotment option in full by the Underwriters, for aggregate gross proceeds of $9.2 million.

Tags: Madalena Energy Inc.