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CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to announce that it has increased its previously announced bought deal financing with a syndicate of underwriters co-led by Peters & Co. Limited, Clarus Securities Inc. and GMP Securities L.P., and including TD Securities Inc., Dundee Securities Ltd., Desjardins Securities Inc., FirstEnergy Capital Corp., AltaCorp Capital Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Paradigm Capital Inc. and Scotia Capital Inc. (collectively, the Underwriters"), whereby the Company will now issue 34,670,000 Shares at a price of $3.75 per Share for aggregate gross proceeds of $130,012,500 (the "Financing"). The Underwriters will have an option to purchase up to an additional 5,200,500 Shares, on the same terms, exercisable in whole or in part at any time up to the 30th day following closing of the Financing. In all other respects the terms of the Financing and the use of proceeds will remain as previously disclosed. |
