NuVista Energy Ltd. Announces Closing of Equity Financings
NuVista Energy Ltd. (“NuVista”) (NVA.TO)is pleased to announce that it has closed its previously announced public offering of 11,465,000 common shares and 2,313,000 common shares issued on a “flow-through” basis pursuant to theTax Act (Canada) (“Flow-Through Shares”) through a syndicate of underwriters co-led by RBC Capital Markets and Peters & Co. Limited and including CIBC World Markets Inc., Scotia Capital Inc., FirstEnergy Capital Corp., TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. at a price of $7.85 per common share and $8.65 per Flow-Through Share for aggregate gross proceeds of approximately $110 million.
In addition NuVista issued, on a private placement basis, 231,040 Flow-Through Shares at a price of $8.65 per Flow-Through Share for aggregate gross proceeds of approximately $2 million.
NuVista is an independent Canadian oil and natural gas exploration, development and production company with its common shares trading on the Toronto Stock Exchange under the symbol “NVA”.