BRIEF-Petrowest announces $10 million bought deal financing

Thu Apr 7, 2016 8:26am EDT
 
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April 7 (Reuters) - Petrowest Corp

* Petrowest announces $10 million bought deal financing; reaffirms 2016 adjusted ebitda guidance

* Net proceeds of offering will be used to reduce indebtedness and for general corporate and working capital purposes

* Net proceeds of offering will be used to reduce indebtedness and for general corporate and working capital purposes

* Underwriters will have an option to purchase up to additional 15% of common shares at a price of $0.35 per common share

* Certain officers and directors of Petrowest intend to participate by purchasing about 10% of common shares issued under offering Source text for Eikon: Further company coverage: