January 16, 2017 / 9:16 PM / 8 months ago

BRIEF-Strad Energy Services announces $10 mln bought deal financing

Jan 16 (Reuters) - Strad Energy Services Ltd :

* Strad Energy Services Ltd. Announces $10.0 million bought deal financing to fund growth

* Agreement to sell 6 million class A shares on a bought deal basis at a price of $1.68 per common share to a syndicate of underwriters

* Says net proceeds of offering will initially be used by company to reduce outstanding bank indebtedness Source text for Eikon: Further company coverage:

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