Valeura Energy Announces C$10 Million Bought Deal Financing

Provided By Globe Newswire

Last update: Jan 31, 2023

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CALGARY, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company”), the upstream oil and gas company with assets in the offshore Gulf of Thailand and the Thrace Basin of Turkey, is pleased to announce that it has entered into an agreement for a bought deal basis, private placement of 3,937,000 common shares of the Company (the “Common Shares”) at a price of C$2.54 per Common Share for aggregate gross proceeds to the Company of approximately C$10 million (the “Offering”). The Offering is being led by Research Capital Corporation as the sole underwriter and sole bookrunner (the “Underwriter”).