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Database › Equity financing › CARDINAL ENERGY LTD. ANNOUNCES $86.5 MILLION BOUGHT DEAL OFFERING OF…

Equity financing

CARDINAL ENERGY LTD. ANNOUNCES $86.5 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES, OFFICIAL SANCTIONING OF…

Lane
Equity financing
Announced
28 Jan 2026
Province
Alberta
Industry
Energy — upstream
Status
Announced
What the filing says
Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ ) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the " Underwriters ") co-led by RBC Capital Markets and CIBC Capital Markets, acting as joint-bookrunners, pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 10,000,000 common shares in the capital of the Company (" Common Shares ") at an issue price of $8.65 per Common Share (the " Offering Price ") for gross proceeds of $86,500,000 (the " Offering ").
Terms stated
price per security
Source

The terms are in the subscriber edition

This transaction carries 1 stated term, with its value, unit and basis and the consideration.

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