FINANCING / Amber Energy Bought Deal
AMBER ENERGY INC. ANNOUNCES BOUGHT DEAL
CALGARY, Jan. 20 /CNW/ - Amber Energy Inc. (''Amber'') announces that it
has agreed, on a bought deal basis, to sell 5 million common shares at $17.00
per share, for aggregate gross proceeds of $85 million, to an underwriting
syndicate led by FirstEnergy Capital Corp. and including Nesbitt Burns Inc.,
Gordon Capital Corporation, Bunting Warburg Inc., Newcrest Capital Inc.,
Peters & Co. Limited and Griffiths McBurney & Partners. A preliminary
prospectus with respect to the offering will be filed with the applicable
securities regulatory authorities in the next two days. Amber intends to
initially apply proceeds from the issue to reduce its bank indebtedness until
required for the Company's exploration and development activities in 1998.
This offering is being made only in Canada by means of a prospectus. The
common shares have not been and will not be registered under the United States
Securities Act of 1933 and, except pursuant to an exemption under that Act,
may not be offered or sold within the United States. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy these
securities in any jurisdiction.
Amber is an independent Canadian oil and gas exploration, development and
production company with common shares trading on The Toronto Stock Exchange
and The Alberta Stock Exchange under the symbol AMB. |
