On September 17, 2020, Pipestone Energy Corp. closed its previously announced convertible preferred share financing with Riverstone Pipestone LP, certain hedge fund and private client accounts of GMT Capital Corp., and GMT Exploration Company LLC for expected proceeds of approximately $67 million, net of anticipated transaction costs.
Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta. The company is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie. Pipestone Energy is committed to building long term value for its shareholders and values the partnerships that it is developing within its operating community. Pipestone Energy shares trade under the symbol PIPE on the TSX Venture Exchange.
Osler, Hoskin & Harcourt LLP acted as Pipestone Energy’s legal advisor with a team consisting of Neal Ross, Rob Lando, Jacob Young, Peter Osmond and Meg Hiles (Corporate).