AIMCo invests in junior oil and gas company Razor Energy
Alberta Investment Management Corp (AIMCo) has entered into a strategic financing partnership with Razor Energy Corp (TSX-V: RZE), a junior oil and gas development and production company based in Calgary. AIMCo agreed to provide Razor with a non-revolving term loan facility of $30 million. The proceeds were used to finance Razor's recent acquisition of oil and gas interests in the Swan Hills area of Alberta. They will also be used to support the company's development program and other priorities. As part of the deal, AIMCo secured about 10 percent of Razor's outstanding common shares.
1 February 2017•3 mins read
