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Ceiba Energy Services boosts financing to $16.1-million

July 8, 2014



ENP Newswire - 08 July 2014

Release date- 04072014 - Ceiba Energy Services Inc. has increased its previously announced bought-deal financing with a syndicate of underwriters co-led by Peters & Co. Ltd. and Clarus Securities Inc. and including Canaccord Genuity Corp., Scotia Capital Inc. and Jennings Capital Inc., whereby the company will now issue 23 million common shares at a price of 70 cents per common share for gross proceeds to the Company of $16.1-million.

The offering is expected to close on or about July 24, 2014, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The common shares issued under the offering will have a hold period of four months plus one day.

CONTACT:

Peter Cheung

Chief Financial Officer

Ceiba Energy Services Inc.

Tel: 403-262-2783


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Source: ENP Newswire


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