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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: David Culver who started this subject4/3/2001 11:00:10 AM
From: Veteran98  Read Replies (1) of 11633
 
NCE closes $74.8-million unit offering

NCE Petrofund NCF.UN
Shares issued 55,060,513 Apr 2 close $5.84
Tue 3 Apr 2001 News Release
Mr. John Driscoll reports
NCE Resources Group has closed an offering of trust units.
Total proceeds
At the closing, 13.6 million trust units were issued at a price of $5.50
per unit. The total gross proceeds raised were $74.8-million.
Use of proceeds
The net proceeds of the issue will initially be used to reduce NCE
Petrofund's credit facility which may thereafter be drawn upon, from time
to time, to finance acquisitions of new oil and gas properties, development
projects and for general working capital purposes.
Agents
Dundee Securities Corp., National Bank Financial Inc., Canaccord Capital
Corp., Raymond James Ltd. and Yorkton Securities Inc. acted as agents in
connection with the offering.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com
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