Ensign Energy Services (TSE:ESI) has released an update.
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Ensign Energy Services has successfully closed a $25 million private placement of unsecured, subordinated convertible debentures, offering investors a promising 7.50% annual interest rate. The proceeds from this offering will be utilized for general corporate purposes, while major stakeholders, including significant shareholders, actively participated in the transaction.
For further insights into TSE:ESI stock, check out TipRanks’ Stock Analysis page.