BNK Petroleum (BKX-T) Announces Increase to Financing from C$11.0 Million to C$14.0 Million
Oct 20, '16 - NR
BNK Petroleum is pleased to announce that, in connection with its previously announced short form prospectus offering of common shares of the Company (the "Shares"), on a "commercially reasonable efforts" basis, at a price of C$0.20 per Share (the "Offering"), the Company has agreed with GMP FirstEnergy, as co-lead agent on behalf of a syndicate including Haywood Securities Inc., as co-lead agent, and Macquarie Capital Markets Canada Ltd. (collectively, the "Agents"), to increase the amount of the Offering from up to 55,000,000 Shares to up to 70,000,000 Shares for aggregate gross proceeds of up to C$14,000,000.
About BNK Petroleum Inc.
BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through various affiliates and subsidiaries, the Company owns and operates shale oil and gas properties and concessions in the United States. Additionally the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol BKX.
SOURCE BNK Petroleum Inc.
Wolf E. Regener,
+1 (805) 484-3613,
Email: investorrelations@bnkpetroleum.com ,
Website: www.bnkpetroleum.com |
