Paradigm Capital, Peters & Co. co-lead in Bonterra Energy’s $39.5-million private placement

On November 10, 2021, Bonterra Energy Corp. announced that it has completed its previously announced $7.5 million follow-on private placement.  The offering consisted of 7,500 units issued at a price of $1,000 per unit and have the same terms as the units that were issued pursuant to the initial brokered private placement which closed on October 20, 2021 for total value of $39.5 million. The company intends to use the net proceeds of the follow-on offering for general corporate purposes.

The offering was led by Paradigm Capital Inc. and Peters & Co. Limited as agents.

McCarthy Tétrault LLP advised Paradigm Capital Inc. and Peters & Co. Limited, with a team led by Alyson Goldman that included Jessica Brown and Maria Rooney.

Borden Ladner Gervais LLP acted as opposing counsel.