Canexus raises $75M to expand oil terminal

CALGARY — Petroleum transporter Canexus Corp. is raising $75 million to fuel an expansion of its Edmonton-area terminal, it announced Thursday.

The company said the funds, the result of a bought deal financing in which 9.5 million shares will be sold to a syndicate of underwriters for $7.90 each, could grow to $83 million if an overallotment is exercised.

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