Riverstone, JOG Capital lead $305 mln financing of Vesta Energy
Vesta Energy Corp has agreed to receive a $295 million financing co-led by U.S. energy private equity firm Riverstone Holdings and Canadian firm JOG Capital. In conjunction with the financing, Vesta has undertaken a private placement offering intended to raise up to $10 million from existing shareholders. With the deal, Riverstone's Olivia Wassenaar will join the board of directors. Calgary-based Vesta is an exploration and production company focused on light oil properties in the Joffre Duvernay Shale oil play in Alberta. Led by Founder and CEO Curtis Cook, it will use the funds raised to develop the resource and pursue its growth strategy.
17 May 2017•4 mins read
