Wave Energy Ltd.

February 19, 2008 12:18 ET

Wave Energy Ltd. Announces $82 Million Private Equity Financing

CALGARY, ALBERTA--(Marketwire - Feb. 19, 2008) - Wave Energy Ltd. is pleased to announce the successful closing of a private placement equity financing. The company raised $82 million dollars at $4.50 per share through an offering led by First Energy Capital Corp.

Closing of the financing occurred on January 31, 2008 and the proceeds will be used to fund Wave's exploration, development and acquisition activities.

Wave Energy Ltd is a Calgary based oil and gas exploration and production company with operations in Saskatchewan, Montana and Alberta.

Contact Information

  • Wave Energy Ltd.
    Donald J. Rae
    President & CEO
    (403) 262-9283
    Wave Energy Ltd.
    Eric Hughes
    VP Finance & CFO
    (403) 262-9283