First Calgary Petroleums Ltd. closes bought deal
December 03 2004 - 10:30AM
UK Regulatory
First Calgary Petroleums Ltd. closes bought deal financing
CALGARY, Dec. 3 /CNW/ - First Calgary Petroleums Ltd. (the "Company" or
"FCP") announces the Company has closed the previously announced common share
issuance of 6,000,000 shares at a price of Cdn. $14.46 per share, resulting in
gross proceeds of approximately Cdn. $86.76 million (4,637,192 common shares
at pnds stlg 6.50 per share and 1,362,808 common shares at Cdn. $14.46 per
share). Canaccord Capital Corporation, in conjunction with its affiliate,
Canaccord Capital (Europe) Limited, acted as underwriter for this offering.
First Calgary Petroleums Ltd. is a Canadian oil and gas exploration
company actively engaged in international exploration and development
activities in Algeria. The Company's common shares trade on the Toronto Stock
Exchange in Canada (FCP) and on the AIM market of the London Stock Exchange in
the UK(FPL).
This news release includes statements about expected future events and
financial results that are forward looking in nature and subject to risks and
uncertainties. FCP cautions that actual performance may be affected by a
number of factors, many of which are beyond its control. Future events and
results may vary substantially from what First Calgary Petroleums Ltd.
currently foresees.
For further information: Richard G. Anderson, President and CEO, First
Calgary Petroleums Ltd., Tel: (403) 264-6697, Website: www.fcpl.ca; European
contacts: Jim Joseph, College Hill, Tel: +44 (0) 207-457-2020; Carina Corbett,
4C Communications Ltd., Tel: +44 (0) 207-907-4761
(FCP.)
END
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