• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • BOE Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Surge Energy Inc. Announces Upsizing of Previously Announced Equity Financing

November 3, 20226:20 AM Globe Newswire

CALGARY, Alberta, Nov. 03, 2022 (GLOBE NEWSWIRE) — Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. and Peters & Co. Limited to increase the size of its previously announced bought-deal financing (the “Offering”). Surge will now issue 7,568,000 common shares (the “Common Shares”) at a price of $9.25 per Common Share to raise aggregate gross proceeds of $70,004,000 pursuant to the Offering.

The underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Offering at a price of $9.25 per Common Share to cover over allotments exercisable in whole or in part at any time until 30 days after the closing of the Offering. The maximum gross proceeds that could be raised under the Offering is $80,504,600 should the over-allotment option be exercised in full.

In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the November 2, 2022 press release.

 

Read More
For more information about Surge, visit our website at www.surgeenergy.ca

Paul Colborne, President & CEO Jared Ducs, CFO
Surge Energy Inc. Surge Energy Inc.
Phone: (403) 930-1507 Phone: (403) 930-1046
Fax: (403) 930-1011 Fax: (403) 930-1011
Email: pcolborne@surgeenergy.ca Email: jducs@surgeenergy.ca

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

 

 

Surge Energy

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Entropy Inc. provides corporate update and announces passing of Rick Bower
  • Petrus Resources announces monthly activity update
  • Biden’s 5-year offshore oil plan to have historically few lease sales, none in 2024 – Sources
  • Surge Energy Inc. announces $42 million convertible debenture bought deal financing and intention to redeem existing convertible debentures due June 30, 2024
  • US natgas prices edge up 1% ahead of weekly storage report

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • Rigger Talk
    Data Partner
    BOE Network
    © 2023 Stack Technologies Ltd.