PentaNova Energy Corp. and PMI Resources Ltd. Complete $45 Million Financing

January 31, 2017

PentaNova Energy Corp., a private oil and gas exploration and development company, and PMI Resources Ltd., completed private placements in the aggregate amount of $45 million by way of brokered and non-brokered offerings. The brokered offering consisted of a private placement by PentaNova of subscription receipts for aggregate gross proceeds of $16,400,000. The brokered offering was completed in connection with PentaNova’s acquisition of certain oil and gas interests in Latin America.

GMP Securities L.P. acted as lead agent together with Eventus Capital Corp. in respect of the Offering.

Wildeboer Dellelce acted for the agents in connection with the Offering with a team comprised of Perry Dellelce, Jeff Hergott, Ragu Anantharajah and Amir Torabi.