Date Closed

February 14, 2014

Lead Office

Calgary

Value

34.85 Million CAD

On February 14, 2014, Storm Resources Ltd. (TSX V:SRX) (Storm) completed a C$29.725 million bought deal financing. Pursuant to the bought deal financing, Storm, through a syndicate of underwriters, issued 7,250,000 common shares of Storm at C$4.10 per common share.

 

In addition, Storm completed a C$5.125 million non-brokered financing to certain investors. Pursuant to the non-brokered financing, Storm issued 1,250,000 common shares at C$4.10 per common share.

 

Pursuant to both financings, Storm issued 8,500,000 common shares at C$4.10 per common share, for aggregate gross proceeds of C$34.85 million.

 

Storm, headquartered in Calgary, Alberta, is a junior oil and gas exploration and production company.

 

McCarthy Tétrault represented Storm Resources, the issuer, with a team led by Sony Gill.