PE-backed Seven Generations launches $300 mln private placement
Seven Generations Energy Ltd (TSX: VII) has proposed a bought deal private placement financing that is targeted to raise $300 million in gross proceeds. In an earlier statement, the company said it will use the proceeds chiefly for investment in natural gas production at its Kakwa River Project in Alberta. Based in Calgary, Seven Generations went public in November 2014, raising $931.5 million. It has since remained a portfolio investment of Canadian private equity firms ARC Financial Corp and Azimuth Capital Management, as well as Canada Pension Plan Investment Board.
10 February 2016•5 mins read
