Brief: PHX Energy enters into bought deal financing

PHX Energy Services

12/01/2017 21:59

Jan 12 (Reuters) - PHX Energy Services Corp  PHX.TO  
    * PHX Energy Services Corp. enters into bought deal 
financing 
    * PHX Energy Services Corp says net proceeds of offering and 
concurrent private placement will be used to reduce bank 
indebtedness 
    * PHX Energy Services Corp says corporation anticipates an 
initial increase in its 2017 capital expenditure budget to 
approximately $25 million 
    * PHX Energy Services - Bought-deal financing with a 
syndicate of underwriters will issue 6.3 million common shares 
at a price of $4.00 per common share 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCCN5scmjq 
Further company coverage:  PHX.TO  
 
 ((bangalore.newsroom@thomsonreuters.com;))