Fairborne Closes Bought Deal Financing

摘要

Fairborne Energy Ltd. has closed its previously announced bought deal share financing for aggregate gross proceeds of approximately $69.5 million. The underwriting syndicate has exercised the full over-allotment option resulting in the issuance by Fairborne of an aggregate of 11.65 million common shares at an issue price of $4.25 per share and 3.78 million common shares issued on a flow-through basis at an issue price of $5.30 per share.