Contact Exploration closed a private placement of 62.2 million shares priced at $0.37 each including full exercise of underwriter's option to raise $23.0 million. Proceeds will fund development and exploration of its East Kakwa Montney project area in Alberta's Deep Basin. The syndicate of underwriters was led by Canaccord Genuity.Contact placed the shares in conjunction with its $256.4 million all-stock merger with long-time JV partner Donnybrook Energy. The companies already work together on a......
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