BUZZ-Encana Corp: Prices offering of nearly 86 mln shares at discount

Thu Mar 5, 2015 7:02am EST
 
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** U.S. shares of Canada's largest natural gas producer down 3.8 pct at $11.80 premarket

** Company Wednesday said plans to raise up to C$1.44 bln ($1.16 bln) selling secondary shares

** To sell 85.62 mln shares at C$14.60 each to raise C$1.25 bln, represents 4 pct discount to Wednesday close

** Offering represents 11.6 pct of total outstanding shares

** Up to Wednesday's close, Toronto-listed stock fell 38 pct, while U.S.-listed stock fell nearly 46 pct in last 6 months ($1 = C$1.2412)