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CALGARY, AB, Aug. 1, 2023 /CNW/ – Highwood Asset Management Ltd. (“ Highwood ” or the “ Company “) ( TSXV: HAM ) is pleased to announce that, further to the Company’s July 27, 2023 news release, the Subscription Receipts (as defined below) will be listed for trading on the TSX Venture Exchange (“ TSXV “) under the symbol “HAM.R” effective as of the opening of markets on August 1, 2023. Highwood Asset Management Ltd. Logo (CNW Group/Highwood Oil Company Ltd.) On July 27, 2023, the Company closed its previously announced ”best efforts” marketed offering of subscription receipts (the “ Offering “). Pursuant to the Offering, the Company issued and sold a total of 5,833,333 subscription receipts (“ Subscription Receipts “) at a price of $6.00 per Subscription Receipt for gross proceeds of approximately $35,000,000. 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 “). Each Subscription Receipt represents the right of the holder to receive, upon closing of the previously announced proposed acquisition by the Company of each of Castlegate Energy Ltd., Boulder Energy Ltd. and Shale […]
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