Alberta Clipper Completes Bought Deal Financing

Alberta Clipper has completed its previously announced bought deal financing of 9,375,000 flow-through common shares of Alberta Clipper ("Flow-through Shares"), including a full exercise of the underwriters' option, at a price of $0.80 per Flow-through share, resulting in gross proceeds of $7,500,000.

The underwriting syndicate was led by GMP Securities L.P., and included, BMO Nesbitt Burns Inc., FirstEnergy Capital Corp., Canaccord Adams Inc., Acumen Capital Finance Partners Limited, and Wellington West Capital Markets Inc.