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Celtic financeers line up for Alberta expansion

Published Feb 28, 2007

Celtic Exploration logo
courtesy Celtic Exploration

Toronto-listed, “Alberta-only” Celtic Exploration has raised C$25 million ($21.4 million) in a lightning offering of 1.5 million common shares overseen by a “syndicate” of Canada-based underwriters.

No fewer than FirstEnergy Capital., BMO Nesbitt Burns., GMP Securities, TD Securities, Orion Securities, Peters & Co., Tristone Capital., Canaccord Capital and RBC Dominion Securities.

The company looks set to spend $140 million building up Western Canada oilfield assets in 2007.

 

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