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Equitable Group completes US$41 million bought deal financing and private placement of common shares

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GMP Securities and TD Securities

On August 12, 2008, Equitable Group Inc. announced that it had closed the over-allotment option from its previously announced $34.4 million "bought deal" financing , which closed July 16, 2008. The underwriters co-led by GMP Securities L.P. and TD Securities Inc., and a syndicate comprised of BMO Nesbitt Burns Inc., Cormark Securities Inc., CIBC World Markets Inc., Scotia Capital Inc. and Clarus Securities Inc. exercised the over-allotment option and purchased 60,000 common shares at a purchase price of $21.50 per share, for aggregate gross proceeds to Equitable Group of $1,290,000. The exercise of the overallotment option brought the aggregate gross proceeds of the offering to $40,850,000 inclusive of the private placement which closed concurrently with the "bought deal" financing. The underwriters were advised by a team from Fasken Martineau led by Georges Dubé and including, among others, Martin Fisher-Haydis and Brad Freelan (corporate/securities) and Robert McDowell (financial insititutions).



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