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Legacy Oil To Raise $125M

Legacy Oil Plus Gas has raised the size of its bought transaction offer by 25%.

Legacy Oil Plus Gas has raised the size of its bought transaction offer by 25%, Reuters reports. The Canadian oil company will now raise $125.2 million instead of $101 million.

The proceeds from the transaction will be used by the company to fund the cash portion of its $186.9 million oil assets acquisition in southwest Manitoba from Molopo Energy Canada. The offering is co-led by GMP Securities and Macquarie Capital Markets Canada.

Click here for the story from Reuters.

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