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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Share Dilution - 15,200,000 flow through shares sold in bought deal
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IMO the good opportunity ($1.17 to $1.18) is already gone.

CLL management provided this opportunity for traders and institutions who were participating in flow through shares offerings. We had about 13 million shares traded in last 4 trading days. The offering is for 15 million shares. Most of the damaged to CLL SP is done and we should go the $1.27 to $1.45 price range soon to give traders another opportunity to unload the shares before the Q3 report.

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