Second Wave Secures $17.5M Debenture From Brookfield

Calgary's Second Wave Petroleum Inc., a producer of crude oil and natural gas in Western Canada, has completed a previously-announced $17.5 million debenture financing intended to meet capital requirements. The debenture was provided by controlling investor Brookfield Bridge Lending Fund. In connection with its consideration of a proposal from Brookfield to privatize the company for $0.30 per share, a special committee of Second Wave's independent directors is currently preparing a formal valuation.

DealsCanadaNorth AmericaBriefs