CALGARY, March 6, 2017 /CNW/ – TimberRock Energy Corp (“TimberRock”) is pleased to announce that it has closed a $39 million financing at $0.45/share, led by Azimuth Capital Management, two of its co-investors and Tudor, Pickering, Holt & Co. Asset Management, an energy-focused asset manager. TimberRock will use the proceeds of this financing to continue developing its successful Glauconite drilling program at Garrington, Alberta, where the Company has 45 sections of land tied up under farm-in agreements.
TimberRock is a private oil and gas company headquartered in Calgary, Alberta. The Company’s focus area is in West Central Alberta, where the management team has a long history of experience within the Mannville Group.
SOURCE TimberRock Energy Corp.