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To: Goose94 who wrote (8141)7/24/2014 9:28:36 AM
From: Goose94Respond to of 203667
 
Ceiba Energy Services (CEB-V) July 24, '14 has closed its previously announced $16.1-million bought-deal financing of 23 million common shares of the company at 70 cents per common share on a private placement basis with a syndicate of underwriters co-led by Peters & Co. Ltd. and Clarus Securities Inc., and including Canaccord Genuity Corp., Scotia Capital Inc. and Jennings Capital Inc. The common shares issued under the private placement will have a hold period of four months plus one day from today. Ceiba now has 101,923,327 common shares outstanding.

Ceiba intends to use the net proceeds from the private placement to reduce indebtedness, expand the capacity of existing facilities, advance greenfield projects and for general working capital purposes.