Cirrus Energy Corp. (CYR.V) said it closed a short form prospectus offering of 12.0 million shares at a price of $4.55 per share for proceeds of $54.6 million. The offering was completed through a syndicate of underwriters led by Tristone Capital Inc. that included BMO Nesbitt Burns Inc. and FirstEnergy Capital Corp.
The company intends to use the proceeds from the offering to fund the exploration, appraisal and development drilling on the K10-Bravo Oil Field as well as drilling on other North Sea oil and gas assets.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.