October 18, 2011 – Calgary, Alberta – Painted Pony Petroleum Ltd. (“Painted Pony” or the “Corporation”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including FirstEnergy Capital Corp., CIBC World Markets Inc., RBC Capital Markets Inc. and Scotia Capital Inc. (collectively the “Underwriters”) under which they have agreed to purchase for resale to the public, on a bought deal basis, 8,000,000 Class A Shares (“Class A Shares”) at $11.80 per Class A Share (the “Offering Price”) for aggregate gross proceeds of $94,400,000 (the “Offering”).
Download the full report: PPY Press Release – October 18, 2011