April 28, 2016 / 10:12 PM / in 2 years

BRIEF-Peyto Exploration & Development announces $150 mln equity offering

April 28 (Reuters) - Peyto Exploration & Development Corp :

* Peyto Exploration & Development Corp announces $150 million equity offering

* Underwriters have agreed to buy 4,687,500 common shares of co and sell to public at a price of $32.00/common share

* Net proceeds will be used to partially repay outstanding bank indebtedness Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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