Petrowest Corporation closes bought deal offering

On September 16, 2014, Petrowest Corporation (Petrowest), an Alberta corporation involved in pre-drilling and post-completion energy services as well as industrial and civil infrastructure projects, gravel crushing and hauling for non-energy sector customers, completed its previously announced bought-deal offering, including the exercise in full of the underwriters' over-allotment option. A total of 18,400,000 class A common shares (the Common Shares) have been issued at a price of $1.25 per share for aggregate gross proceeds of $23,000,000.

The syndicate of underwriters was led by Beacon Securities Limited and included Canaccord Genuity Corp., Dundee Securities Ltd., Mackie Research Capital Corporation, GMP Securities L.P., PI Financial Corp. and Cormark Securities Inc.

Norton Rose Fulbright advised Petrowest on all aspects of the offering.  The team was led by Marlene Stewart and included Saptarshi Chakraborty, and Ed Heakes.