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Cardinal Energy Ltd. Enters $50 Million Agreement for Senior Subordinated Unsecured Debentures and Common Share Purchase Warrants

Dec 18, 2024•over 1 year ago

Contract Type

agreement

CalgaryEnergyOil And GasRenewable EnergyBiomass Energy

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.

Company Information

Company

Cardinal Energy Ltd

Location

Calgary, Alberta, Canada

About

Cardinal Energy Ltd. is a Canadian energy company based in Calgary, Alberta. It is listed on the Toronto Stock Exchange (TSX: CJ).

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