RE:RE:bought deal secondary offering of Headwater common shares Peters is just the broker for the deal. The shares will all land in institutional and retail hands. Peters has a rolodex of investors who show interest in this type of thing and they would have put it out to them last night. Incredibly, the level of interest was MORE than double the available shares.
The number of shares is not changing. Just who owns them.
powerlunchmoney wrote: Amazing how all that happened. Energy conference from Peters & Co., with that interview and then days later they become a major shareholder. In retrospect, perhaps Neil and team were there to help Cenovus divest itself of its 25% (50M shares) of the company that wasn't in circulation. CVE is still on board with 25M. Peters & Co. enters the conversation @4.55 for 25M shares.