Werklund Capital to invest up to $5 mln in Aveda's public offering
Aveda Transportation and Energy Services Inc (TSX-V: AVE) has priced its previously-announced public offering of common shares, which is targeted to raise gross proceeds of $20 million to $25 million. Werklund Capital Corp, a Canadian private equity family office, has agreed to subscribe for up to $5 million. Calgary-based Aveda, a provider of oilfield hauling services and equipment rentals to the energy industry, said the offering's proceeds will be used for debt reduction, working capital and other priorities. Werklund invested in the company in 2010 and is its largest shareholder.
2 February 2017•4 mins read
