Feb 17 (Reuters) - Raging River Exploration Inc RRX.TO :
* Announces $86.5 million bought deal financing and operations update
* Says will issue 10 million common shares at a price of $8.65 per common share
* Says production has averaged 16,600 boe/d to date in Q1 2016
* Net proceeds from the offering will be initially used to temporarily reduce
indebtedness,partially fund 2016 capital expenditure program
* Source text for Eikon Further company coverage RRX.TO