Coelacanth Energy Announces Bought Deal Financing of C$60 Million

Coelacanth Energy has completed the acquisition of Coelacanth Energy, an energy services other business in Calgary, Alberta, for $60 million. Coelacanth Energy is an energy services other company focused on financing and capital markets activity supporting its operations in Canada. The company’s energy M&A strategy includes other acquisition initiatives that strengthen its growth plans. The announced bought deal financing is structured as a syndicate underwriting agreement for 73,170,732 common shares at C$0.82 per share, with a 15% over-allotment option for up to an additional C$9.0 million.