On June 2, 2009, RONA inc. announced that it has closed a previously announced bought deal public offering of common shares at a price of $12.90 per share purchased by a syndicate of underwriters led by Scotia Capital Inc. and comprised of National Bank Financial Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc., CIBC World Markets Inc. and TD Securities Inc. The offering results in a total of 11,630,000 shares being issued by RONA for gross proceeds of $150,027,000. The underwriters have an over-allotment option to purchase up to an additional 1,744,500 Shares at a price of $12.90 per Share, exercisable for a period of 30 days from closing on the same terms and conditions as the offering. If the over-allotment option is exercised in full, the total gross proceeds to RONA will be $172,531,050. The syndicate of underwriters was advised by a team from Fasken Martineau led by Gilles Leclerc, and that included Gabriel Castiglio, Jean-Michel Lapierre and Caitlin Rose.