Advantage Energy Completes Upsized Financing Round

Advantage Energy (TSE:AAV) has released an update.

Advantage Energy Ltd. has successfully completed its bought deal financing, with underwriters fully exercising their over-allotment option, resulting in an additional $18.75 million in convertible debentures issued. This brings the total to $143.75 million raised, which will contribute to funding the acquisition of Charlie Lake and Montney assets. The debentures are available for trade on the Toronto Stock Exchange under the ticker ‘AAV.DB’.

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