The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

NuVista Energy Ltd. Announces Closing of Equity Financings

Tuesday, October 29, 2013

NuVista Energy Ltd. Announces Closing of Equity Financings

08:58 EDT Tuesday, October 29, 2013

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - NuVista Energy Ltd. (TSX:NVA) ("NuVista") is pleased to announce that it has closed its previously announced private placement and public offering of an aggregate of 5,129,000 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) for gross proceeds of approximately $39.7 million.

NuVista has completed a public offering of 3,200,000 common shares issued on a "flow-through" basis in respect of Canadian exploration expense ("CEE Shares") through a syndicate of underwriters co-led by Peters & Co. Limited and RBC Capital Markets Corp. and including CIBC World Markets Inc., FirstEnergy Capital Corp., Scotia Capital Inc., BMO Capital Markets and TD Securities Inc. (collectively, the "Underwriters") at a price of $8.00 per CEE Share for gross proceeds of $25.6 million.

In addition, on October 28, 2013 NuVista issued, on a private placement basis, 254,000 CEE Shares at a price of $8.00 per CEE Share and 1,675,000 common shares issued on a "flow-through" basis with respect to Canadian development expense (the "CDE Shares") at a price of $7.20 per CDE Share for aggregate gross proceeds of approximately $14.1 million.


NuVista is an independent Canadian oil and natural gas exploration, development and production company with its Common Shares trading on the Toronto Stock Exchange under the symbol "NVA".


Contact Information:
NuVista Energy Ltd.
Jonathan Wright
President and CEO
(403) 538-8501

NuVista Energy Ltd.
Robert F. Froese
VP, Finance and CFO
(403) 538-8530

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections