Telesystem completes secondary offering of Subordinate Voting Shares of Stingray Digital

Telesystem Ltd entered into an agreement with National Bank Financial Inc. and GMP Securities L.P. for a secondary offering by Telesystem on a private placement bought deal basis of 4,310,965 subordinate voting shares of Stingray Digital Group Inc at a price of $7.15 per share for gross proceeds of $30,823,399.75. Fasken Martineau advised the underwriters, with a team comprised of Jean-Pierre Chamberland and Caitlin Rose (Securities).