Cardinal Energy Ltd. Enters $50 Million Agreement for Senior Subordinated Unsecured Debentures and Common Share Purchase Warrants
Cardinal Energy Ltd. Enters $50 Million Agreement for Senior Subordinated Unsecured Debentures and Common Share Purchase Warrants
12/18/24, 2:32 PM
Location
calgaryMoney
$50 million
Industry
biomass energy
renewable energy
oil and gas
energy
Type
agreement
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.