-- Coelacanth Energy (CEI.V) on Wednesday closed a bought-deal share financing that raised $80 million.
The company sold underwriters 97.56-million priced at $0.82 each.
Proceeds are earmarked for exploration and development of its projects in the Montney Two Rivers area in British Columbia and for working capital and general corporate purposes.
The company's shares were last seen down $0.01 to $0.84 on the TSX Venture Exchange.
Price: $0.84, Change: $-0.01, Percent Change: -1.18%