Canadian Superior Energy Inc. Announces Successful Financing.Energy Editors/Business Editors CALGARY, Alberta--(BUSINESS WIRE)--March 13, 2003 --Canadian Superior Energy Inc. (AMEX AMEX See: American Stock Exchange :SNG SNG abbr. 1. substitute natural gas 2. synthetic natural gas )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SNG) ("Canadian Superior") of Calgary, Alberta announces it has been advised by its agents that, as of March 13, 2003, its previously announced $15,000,000 best efforts financing has been successfully subscribed. The financing, which was announced March 10, 2003, involved Maison Placements Canada Inc., and Acadian Securities Incorporated acting as agents for the Corporation. The proceeds of the offering will be used for general corporate purposes, including the previously announced El Paso Drumheller acquisition which is slated to close on March 20, 2003. This financing completes in excess of $35 million of total equity financings by the Corporation since February 6, 2003. Canadian Superior is a Calgary, Alberta based oil and gas exploration and production company. The shares of Canadian Superior trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX) and on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX) under the stock symbol "SNG". |
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