Baytex Energy Closes Private Placement.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 25, 1998--Baytex Energy Ltd.(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :BTE.A.)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BTE.A.) Baytex Energy Ltd. (BTE.A - TSE, ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) of Calgary announced today that it has closed its previously announced private placement issuance, from treasury, of 1.2 million Class A Flow-Through shares at a price of $5.70 per share. The issue was placed by a syndicate of agents which includes Nesbitt Burns Inc., First Marathon Securities Limited, Goepel McDermid Inc. and Yorkton Securities Inc. Proceeds from the issue will be used to fund Baytex's winter capital expenditure program. Baytex Energy Ltd. is a Canadian company engaged in exploration, development and production of natural gas and crude oil. The Company's Class A shares are listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and The Alberta Stock Exchange under the trading symbol "BTE.A". |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion