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| Home : Cenovus Announces $1.5 Billion Bought-Deal Common Share Financing |
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Feb 18
2015 |
Cenovus Announces $1.5 Billion Bought-Deal Common Share Financing |
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CALGARY, ALBERTA--(Marketwired - Feb. 17, 2015) - Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) ("Cenovus") announced today that it has entered into a bought-deal financing agreement to sell 67.5 million common shares ("Common Shares") at a price of $22.25 per share (the "Offering"). The net proceeds of the Offering, combined with the company's $3 billion of undrawn committed credit lines, provide Cenovus with a stronger balance sheet and financial flexibility to pursue its planned capital program. |
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| Source:http://www.marketwired.com/mw/release.do?id=1992529&sourceType=3 |
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