-- Condor Energies (CDR.TO) on Tuesday closed a bought-deal share offering that raised $29.9 million, including the full exercise of the underwriters' over-allotment option .
The company did not disclose how many of the shares priced at $2.60 it sold underwriters.
Proceeds of the offering are expected to be used to continue development of its natural gas fields in Uzbekistan, including enhancing field compression, and general corporate needs.
Shares of the company were last seen up $0.08 to $2.86 on the Toronto Stock Exchange.
Price: $2.86, Change: $+0.08, Percent Change: +2.88%