Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/bellatrix-exploration-closes-175-million-bought-de.shtmlBellatrix Exploration closes $175 million bought deal financing
Bellatrix Exploration Ltd. has closed its previously announced bought deal offering of 21,875,000 common shares ("Common Shares") at a price of $8.00 per
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Bellatrix Exploration Ltd. has closed its previously announced bought deal offering of 21,875,000 common shares ("Common Shares") at a price of $8.00 per Common Share for aggregate gross proceeds of approximately $175 million. The Common Shares were sold by a syndicate of underwriters.
Bellatrix has granted the Underwriters an option (the "Over-Allotment Option") to purchase up to an additional 3,281,250 Common Shares to cover over-allotments, if any, for additional gross proceeds of up to approximately $26.25 million. The Over-Allotment Option is exercisable in whole or in part at any time up to the date that is 30 days from the closing.
