CALGARY, ALBERTA--(Marketwired - Aug. 15, 2014) -
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has closed its previously announced public offering of 8,800,000 common shares through a syndicate of underwriters co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. and including Macquarie Capital Markets Canada Ltd., FirstEnergy Capital Corp., GMP Securities L.P. and National Bank Financial Inc. (collectively, the "Underwriters") at a price of $18.50 per common share for gross proceeds of $162.8 million.
The Underwriters exercised the over-allotment option in full.
About Cardinal Energy Ltd.
Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal's operations are focused in all season access areas in Alberta.