Peyto Exploration & Development Corp. Announces Closing of $160 Million Equity Offering

Peyto Exploration & Development Corp. Announces Closing of $160 Million Equity 
Offering 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Peyto Exploration & Development Corp. 
TSX SYMBOL:  PEY 
FEBRUARY 5, 2014 
Peyto Exploration & Development Corp. Announces Closing of $160 Million
Equity Offering 
CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) -  
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES. 
Peyto Exploration & Development Corp. (the "Corporation")
(TSX:PEY) is pleased to announce that it has closed its previously announced
bought deal offering of common shares. Pursuant to the offering, the
Corporation issued 4,720,000 common shares (including 300,000 common shares
issued pursuant to the partial exercise of the over-allotment option granted to
the underwriters) at a price of $34.00 per common share, for total gross
proceeds of approximately $160 million. The syndicate of underwriters was led
by BMO Capital Markets and included FirstEnergy Capital Corp., RBC Dominion
Securities Inc., CIBC World Markets Inc., Peters & Co. Limited, Scotia
Capital Inc., TD Securities Inc., Acumen Capital Finance Partners Limited,
Canaccord Genuity Corp. and Haywood Securities Inc. 
Net proceeds from the offering will initially be used to partially repay
outstanding bank indebtedness and subsequently to fund the Corporation's
ongoing capital expenditures and for general corporate purposes.  
The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirements. This news release does not constitute an offer to sell or the
solicitation of any offer to buy nor will there be any sale of these securities
in any province, state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such province, state or jurisdiction. 
This press release contains forward-looking statements including statements
concerning the anticipated use of the net proceeds of the offering. The
intended use of the net proceeds of the offering might change if the board of
directors determines that it would be in the best interests of the Corporation
to deploy the proceeds for some other purpose. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of which are
beyond the Corporation's control. Accordingly, no assurance can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur. The Corporation disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise except as required by applicable
securities laws. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Peyto Exploration & Development Corp.
Darren Gee
President & CEO
(403) 237-8911
(403) 451-4100 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  FNC 
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-0- Feb/05/2014 13:43 GMT
 
 
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