Cirrus Energy Corp. to raise $45 million in bought-deal share issue

CALGARY — Cirrus Energy Corp. (TSXV:CYR) has entered into a bought-deal issue of 14.3 million common shares at $3.15 each to raise about $45 million. A syndicate of underwriters led by Cormark Securities Inc. and including FirstEnergy Capital Corp., BMO Capital Markets, Haywood Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. will receive five per cent of gross proceeds.