Compton Raises $161 Million

摘要

Compton Petroleum Corporation announce that it has completed its previously announced public offering of units.Each unit consists of one common share in the capital of Compton and one common share purchase warrant. Each warrant is exercisable at $1.55 per share, at any time during the two years following closing.The offering was fully subscribed, including the over-allotment option, resulting in the purchase of 138 million units on a bought deal basis at a price of $1.25 per unit. Total net proceeds to Compton are $161.4 million, which will be used to reduce the corporation's bank debt and to strengthen its capital position.