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Seven Generations IPO raises $810M for northwest Alberta operations

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Seven Generations Energy, a Calgary based oil and gas company with a strong presence in the Grande Prairie area, is now being publicly traded on the Toronto Stock Exchange as of last week.

The company began trading Thursday at $18 a share, with it’s initial public offering raising $810 Million.

The company’s stock, which is trading under the symbol ‘VII’, has strengthened to around $22 a share.

Seven Generations says that the more than $800 Million cash infusion will go towards developing it’s energy holdings around Grande Prairie and northwest Alberta.

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