Delphi Energy Corp. Announces First Closing of Subscription Receipt Offering and Update on Securityholder Meetings
It is expected that further closings under the Offerings will occur on one or more dates in mid to late October 2019.
- It is expected that further closings under the Offerings will occur on one or more dates in mid to late October 2019.
- Upon their release, Delphi will use the proceeds of the Offerings to further develop its reserves and fund capital expenditures.
- Securityholders should refer to the management information circular for additional details with respect to the Recapitalization Transaction and instructions on how to vote at the securityholder meetings.
- The forward-looking statements and information contained in this release are based on certain key expectations and assumptions made by Delphi.