Logan Energy Increases Financing to $50 Million from $30 Million-March 2024-www.financetom.com

Logan Energy Increases Financing to $50 Million from $30 Million

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Logan Energy Increases Financing to $50 Million from $30 Million

Sep 13, 2024 12:14 PM

10:48 AM EDT, 09/13/2024 (MT Newswires) -- Logan Energy ( LOECF ) said on Friday that it is increasing the size of its previously announced bought-deal private placement financing to $50 million from $30 million.

The company said it will issue 68,494,000 shares priced at $0.73 apiece.

Logan Energy ( LOECF ) plans to use the proceeds to partially fund its accelerated development program in the Montney and Duvernay plays in Alberta, as well as for general corporate purposes.

The company's share price was up 2.6% at last look to $0.80 on the TSXV.

Price: 0.80, Change: +0.02, Percent Change: +2.56

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