Cardinal Energy (TSE:CJ) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Cardinal Energy Ltd. has successfully closed a $60 million bought deal offering, issuing senior subordinated unsecured debentures and common share purchase warrants. The proceeds will be used to reduce outstanding debt and fund future projects, including the Reford thermal project. The debentures and warrants are now trading on the Toronto Stock Exchange.
For further insights into TSE:CJ stock, check out TipRanks’ Stock Analysis page.
