Logan Energy Corp. Expands Equity Offering Amid Asset Acquisition

Logan Energy Corp (TSE:LGN) has released an update.

Logan Energy Corp. has upsized its equity offering to $45 million due to high demand, with plans to issue over 61 million shares. The company also announced a definitive agreement to acquire a 50% working interest in certain Alberta assets for $52 million, with both deals expected to close around December 17, 2024.

For further insights into TSE:LGN stock, check out TipRanks’ Stock Analysis page.