A confidential client announced the closing of its previously announced marketed public offering of unsecured convertible debenture units of the Company for aggregate gross proceeds of $20,850,000, which includes the proceeds from the partial exercise of the Over-Allotment Option. In connection with the Offering, the Company issued a total of 20,850 Debenture Units at a price of $1,000 per Debenture Unit.
The Offering was completed pursuant to an agency agreement with Mackie Research Capital Corporation and Canaccord Genuity Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents including Industrial Alliance Securities Inc., Haywood Securities Inc., PI Financial Corp., Echelon Wealth Partners Inc. and Eight Capital.
Fasken acted for the Company in connection with this marketed public offering with a team consisting of Andrew Jackson, Iain Mant, Guy Winter and Martin Ferreira Pinho.
