Date Closed

November 28, 2022

Lead Office

Calgary

Value

80.50 Million CAD

On November 22, 2022, Surge Energy Inc. closed an upsized bought-deal public offering which was led by a syndicate of underwriters led by National Bank Financial Inc. and Peters & Co. Limited and included the grant of an over-allotment option which was exercised in full on November 28, 2022. Pursuant to the offering, a total of 8,703,200 common shares were issued for aggregate gross proceeds of approximately C$80.5M. 

Surge Energy Inc. is an oil focused E&P company that has crude oil reserve, production and cash flow base.

McCarthy Tétrault advised Surge Energy Inc. with a team led by Michael Bennett that included Niki Gill, Ashley Wilson, Megan Pryor (Business), Brett Anderson and Prince Arora (Tax).