Advantage Energy (TSE:AAV) has released an update.
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Advantage Energy Ltd. has successfully completed a significant financing deal, raising total gross proceeds of $190,010,000 through the issuance of subscription receipts and debentures. The financing, which includes an over-allotment option for underwriters, is set to support the acquisition of Charlie Lake and Montney assets. Investors holding subscription receipts will automatically receive common shares of Advantage upon the closing of the acquisition.
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