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Obsidian Energy Announces Pricing and Filing of Amended and Restated Preliminary Prospectus

Globe Newswire - Thu Nov 4, 2021

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

CALGARY, Nov. 04, 2021 (GLOBE NEWSWIRE) -- OBSIDIAN ENERGY LTD. (TSX – OBE, OTCQX – OBELF) (“ObsidianEnergy”, the “Company”, “we”, “us” or “our”) is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the “Amended and Restated Prospectus”) in connection with its previously announced marketed offering (the “Offering”) of subscription receipts of the Company (“Subscription Receipts”). The Amended and Restated Prospectus provides that the price of the Subscription Receipts to be issued and sold pursuant to the Offering will be $4.40 per Subscription Receipt for gross proceeds of up to $22.5 million.

Read more at globenewswire.com