Interesting28 Jul 2015 08:27
placement price given current SP, Like this bit
'The funding is a planned first step by this Investor Group who has indicated an intention to become a significant new, long-term capital partner through the funding of several potential acquisitions in the coming months.
After several months of due diligence, the Investor Group selected Edge and its management team to become a platform through which to make significant investments into the Canadian oil and gas industry. The price paid demonstrates the Investor Group's macro and long-term commitment to strengthening Edge's balance sheet and supporting Edge's acquisition strategy in partnership with Edge's other significant shareholders and lenders. Edge's two largest shareholders, one of which is also a significant lender to the Company, are supportive of the Investor Group and its intentions to assist in funding the Company's major growth initiatives. '
Sounds like more positive news flow to follow.