CORE Linepipe completes private placement

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By Ted Liu

CORE Linepipe Inc., a provider of corrosion resistant linepipe solutions, has raised $9,785,475.00 from a group of private investors.

Peters & Co. Limited acted as placement agent.

Calgary based CORE Linepipe develops CORE Liner, a pipe-in-pipe system providing both structural strength and corrosion resistance.

CORE Linepipe is led by President and director Sam Bouey, CFO Dave Burgess, and VP Business Development Dave McLeod. Its independent board members include Ron Hall, Regan Davis, Frederick Hutchings, and Trent Baker.