News from CNW Group
Connacher Oil and Gas Limited - Underwriters exercise full over-allotment option
09:00 EDT Tuesday, June 02, 2009
CALGARY, June 2 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Corporation") announced today that it has received notice from RBC Capital Markets, on behalf of the underwriters of the Corporation's equity financing announced May 19, 2009 (the "Offering"), that the underwriters have exercised their over-allotment option to purchase an additional 25,012,500 common shares of Connacher. As a result of the exercise of the over-allotment option in full, the aggregate gross proceeds to Connacher of the financing will now be $172,586,250. The closing of the financing, including the over-allotment option, is expected to occur on or about June 5, 2009. Upon closing of the Offering, including the common shares issuable pursuant to the over-allotment option, the Corporation will have 403,463,442 common shares (443,905,457 common shares on a fully diluted basis) issued and outstanding.
Best Wishes; Scott