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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (8802)	8/28/2014 10:53:36 AM
From: Goose94	Read Replies (1) \| Respond to of 202715

PNE-V new 52 week high, $2.07

To: Goose94 who wrote (8802)	9/2/2014 8:34:03 AM
From: Goose94	Read Replies (1) \| Respond to of 202715

Pine Cliff Energy (PNE-V) Sept 2nd 2014 has entered into an agreement with a syndicate of underwriters, co-led by FirstEnergy Capital Corp., GMP Securities LP and Haywood Securities Inc., and including Clarus Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., Altacorp Capital Inc., Jennings Capital Inc. and Scotia Capital Inc., which has agreed to purchase, on a bought-deal basis, 29.3 million common shares of the corporation at a price of $2.05 per common share for aggregate gross proceeds of $60,065,000. The Corporation has granted the Underwriters an option to purchase up to an additional 4,395,000 Common Shares (the "Over-Allotment Option") on the same terms and conditions, exercisable for a period of 30 days following the date of the closing of the Offering to cover over-allotments, if any. If the Over-Allotment Option is fully exercised, the aggregate gross proceeds from the Offering and the Over-Allotment Option will be $69,074,750. Pine Cliff will use the net proceeds of the Offering to fund ongoing capital expenditures, pay down outstanding debt and for general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and certain other jurisdictions. Closing of the Offering is expected to occur on or about September 23, 2014 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. This press release does not constitute an offer to sell or a solicitation of any offer to buy the Common Shares in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act.