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CALGARY, AB, Aug. 3, 2023 /CNW/ – Highwood Asset Management Ltd. (“ Highwood ” or the “ Company “) ( TSXV: HAM ) is pleased to announce that, further to the Company’s press releases dated July 5, 2023, July 10, 2023, and July 27, 2023 it has completed the acquisitions of each of Castlegate Energy Ltd. (“ Castlegate “), Boulder Energy Ltd. (“ Boulder “) and Shale Petroleum Ltd. (“ Shale “) (collectively, the “ Acquisitions “). The cash portion of the purchase price was funded through the net proceeds of the Company’s previously announced $35 million equity financing (the “ Offering “), which included at $10 million participation by HR Exploration & Energy Gmbh (“ HR Exploration “), the Private Placement by 1080766 Alberta Ltd., a company controlled by Joel MacLeod (“ 1080766 “) as discussed below, and proceeds from a credit facility with Royal Bank of Canada and ATB Financial. The Offering was conducted pursuant to an agency agreement with a syndicate of agents led by RBC Capital Markets, Echelon Wealth Partners Inc. and Raymond James Ltd. (the “ Agents “). Highwood Asset Management Ltd. Logo (CNW Group/Highwood Oil Company Ltd.) Concurrently with the completion of the […]
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