Bullboard - Stock Discussion Forum ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s): CETEF

Energy Oil & Gas Drilling

ACT Energy Technologies Ltd., formerly Cathedral Energy Services Ltd., is a Canada-based energy company. It is a partner to North American energy companies requiring high-performance directional drilling, measurement while drilling (MWD) and rotary steerable services, as well as in providing remote operations. It operates in Canada and in the United States as Altitude Energy Partners, and in... see more

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TSX:ACX - Post Discussion

ACT Energy Technologies Ltd > CLOSES $26.4 MILLION UPSIZED BOUGHT DEAL EQUITY FINANCING

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Post by Betteryear2 on Apr 25, 2022 9:05am

CLOSES $26.4 MILLION UPSIZED BOUGHT DEAL EQUITY FINANCING

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

CALGARY, AB, April 25, 2022 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") is pleased to announce it has closed its previously announced "bought deal" short form prospectus offering (the "Offering") of units ("Units") of the Company, including the exercise in full of the underwriters' over-allotment option. The Offering was led by Acumen Capital Finance Partners Limited ("Acumen" or the "Lead Underwriter") and included Peters & Co. Limited (collectively with Acumen, the "Underwriters").