Progress Announces $140 Million Bought Deal Financing

摘要

Progress Energy Resources Corp. has entered into an agreement, on a bought deal basis, with a syndicate of underwriters co-led by Peters & Co. Limited and BMO Capital Markets and including Scotia Capital Inc., CIBC World Markets Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Canaccord Capital Corporation, Cormark Securities Inc., RBC Capital Markets and Tristone Capital Inc., pursuant to which Progress will issue 12.95 million common shares at $10.85 per common share for total gross proceeds of $140.51 million.