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Cardinal Energy Ltd. Enters $50 Million Agreement for Senior Subordinated Unsecured Debentures and Common Share Purchase Warrants
Contract Type
agreement
Description
Cardinal Energy Ltd. has announced an agreement with a syndicate of underwriters led by CIBC Capital Markets for the purchase of 50,000 units, resulting in gross proceeds of approximately $50 million. The Company has granted the underwriters an option to purchase an additional $10 million of units, with the closing expected on or about January 3, 2025.