LAST PP ! $5.00 JUST A REMINDER !
April 29, 2011
CALGARY, ALBERTA--(Marketwire - April 29, 2011) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Rock Energy Inc. ("Rock" or the "Company") (TSX:RE) is pleased to announce a $30 million bought deal financing and an increased bank facility to support an expanded capital program and is pleased to provide an operational activity update.
BOUGHT DEAL FINANCING
Rock has entered into an agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Wellington West Capital Markets and including FirstEnergy Capital Corp., Mackie Research Capital Corporation, AltaCorp Capital Inc., Dundee Securities Ltd., National Bank Financial Inc. and Scotia Capital Inc. (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 4,000,000 common shares at an issue price of $5.00 per Common Share and to offer to sell as agents and if not sold to purchase as principals, on a "bought deal" basis, 1,640,000 common shares to be issued on a "flow-through" basis ("Flow-Through Common Shares") at an issue price of $6.10 per Flow-Through Common Share for aggregate gross proceeds to Rock of $30,004,000 (the "Offering").