Yangarra Resources closes $20-million bought deal financing

1 minute read
01 May 2015

On May 21, 2015, Yangarra Resources Ltd. (TSX: YGR) completed its "bought deal" financing, by way of a short form prospectus, for the sale of common shares and common shares issued on a "flow through" basis in respect of "Canadian development expenses" and “Canadian exploration expenses” within the meaning of the Income Tax Act (Canada), for aggregate gross proceeds of approximately $20 million.

The offering was underwritten by a syndicate of underwriters led by AltaCorp Capital Inc. and included Acumen Capital Finance Partners Limited, Industrial Alliance Securities Inc., Clarus Securities Inc., Dundee Capital Markets and Paradigm Capital Inc.

Yangarra is a public oil and gas company engaged in the exploration, development and production of oil and natural gas with operations in Western Canada.

Gowlings advised Yangarra in this transaction with a team that included Bennett Wong and Melanie Condic (corporate/securities) and Brian Kearl (tax).

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