Bellatrix Exploration (BXE) Down on Canaccord Private Placement

Bellatrix Exploration Ltd. (NYSE: BXE) shares retreated 2.9% to 83 cents, on entering an agreement with Canaccord Genuity, by which Canaccord has agreed to purchase on a bought deal basis 8,474,576 common shares of Bellatrix, which will be issued on a private placement "flow-through" basis in respect of Canadian Development Expenses at a price of $1.18 per share resulting in gross proceeds of $10 million. Share volume was 114,000, compared to an all-day average of 611,000