ARC Financial leads $100 mln financing of Calgary energy startup Deltastream
Deltastream Energy Corp has received $100 million in funding in a deal led by Canadian energy private equity firm ARC Financial Corp. The transaction included an equity commitment from a subsidiary of U.S. financial services firm Wells Fargo & Co. Deltastream, a Calgary-based exploration and production company focused on medium and heavy oil asset opportunities in Alberta and Saskatchewan, was founded by president and CEO Roger Tang and executive vice president Steve Brownridge. ARC managing director William Slavin is the chairman of the company's board of directors. Carl Landry, a vice president at ARC, also serves on the board.
29 October 2014•2 mins read
