C&C Energia Closes IPO

Canada-based oil and gas company C&C Energia, formerly known as C&C Energy, has closed its CAD100m IPO on the Toronto Stock Exchange. As expected, the company, whose operations are in Colombia, raised CAD65m, or CAD8.50 per share, plus another CAD35m through a secondary offering. Proceeds from the secondary sale will go to shareholder Denham Commodity Partners. Underwriters of the IPO are FirstEnergy Capital, GMP Securities, Canaccord Genuity, Cormark Securities, Haywood Securities, Macquarie and Scotia.