Gowling WLG advises Yangarra Resources on $11.5-million bought deal financing

25 May 2016

On May 25, 2016, Yangarra Resources Ltd. completed its bought deal public offering by way of a short form prospectus for the sale of 10,000,000 common shares at a price of $1.00 per common share, together with an additional 1,500,000 common shares at a price of $1.00 per common share issued pursuant to the full exercise of the over-allotment option granted to the underwriters, for aggregate gross proceeds of CAD$11,500,000.

The financing was underwritten by a syndicate of underwriters led by AltaCorp Capital Inc. that also included Acumen Capital Finance Partners Limited, Clarus Securities Inc., Dundee Capital Markets, Industrial Alliance Securities Inc., Paradigm Capital Inc. and Raymond James Ltd.

Yangarra Resources is a growth-oriented, exploration-focused oil and natural gas company and is involved in the production, exploration and development of resource properties in Central Alberta, as well as in Medicine Hat and Jaslan, AB.

Gowling WLG advised Yangarra in this transaction with a team led by Frank Sur and supported by Melanie Condic and Alisha Virk (corporate finance), Bennett Wong, Bryce Kraeker and Brett Kagetsu (legal opinion), Brian Kearl (tax) and Warren Foley (legal audit).

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