BNK Petroleum Inc. closes $35 million bought-deal financing

CAMARILLO, CA, March 26, 2014 /CNW/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) is pleased to announce the closing of its previously announced bought-deal, short form prospectus offering (the "Offering") through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities L.P., TD Securities Inc., and Cormark Securities Inc. Pursuant to the Offering the Company issued 15,910,000 common shares of the Company (the "Common Shares") at a price of $2.20 per Common Share for gross proceeds of $35,002,000.

About BNK Petroleum Inc.

BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through various affiliates and subsidiaries, the Company owns and operates shale oil and gas properties and concessions in the United States, Poland and Spain. Additionally the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol BKX. 

SOURCE: BNK Petroleum Inc.

Wolf E. Regener [phone]
Email: [email protected]
Website: www.bnkpetroleum.com