Leucrotta Exploration completes $33 million bought deal financing

On March 31, 2021, Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta") announced that it had closed its previously announced upsized bought deal financing of units for gross proceeds of $30,000,080.

In addition, the syndicate of underwriters, co-led by Haywood Securities Inc., as sole bookrunner, and Echelon Wealth Partners Inc., exercised in full their over-allotment option to purchase additional units for gross proceeds of $3,000,008, resulting in total aggregate gross proceeds to Leucrotta of $33,000,088.

Leucrotta is an oil and natural gas exploration company, operating in the Montney gas resource trend of northeast British Columbia.

Gowling WLG advised Leucrotta with respect to this financing with a team that included Greg Peterson, Frank Sur, Melanie Condic, Jason Mullins and Simanpreet Panaych (corporate finance) and Ted Thiessen (tax).