Jan 16 (Reuters) - Strad Energy Services Ltd SDY.TO :
* Strad Energy Services Ltd. Announces $10.0 million bought deal financing to fund growth
* Agreement to sell 6 million class A shares on a bought deal basis at a price of $1.68 per common share to a syndicate of underwriters
* Says net proceeds of offering will initially be used by company to reduce outstanding bank indebtedness Source text for Eikon: ID:nCCN327fmN Further company coverage: SDY.TO