Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Pure Industrial Real Estate Trust closes US$20.3 million bought deal

Reading Time 1 minute read Subscribe

Canaccord Genuity and Dundee Securities

On May 18, 2010, Pure Industrial Real Estate Trust (TSXV: AAR.UN) announced the closing of its previously announced public offering of 5,800,000 trust units, on a bought deal basis, at a price of $3.50 per unit for total gross proceeds of $20,300,000. The offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and Dundee Securities Corporation, as co-lead underwriters, and including RBC Dominion Securities Inc., National Bank Financial Inc., Raymond James Ltd., and HSBC Securities (Canada) Inc. The underwriters have been granted an over-allotment option to purchase up to an additional 870,000 units up to 30 days after the closing of the offering. The underwriters were advised in this transaction by Fasken Martineau with a team that included Georges Dubé, Martin Fisher-Haydis, Michael Shour (corporate/securities) and Mitchell Thaw (tax), with the assistance of student-at-law Sébastien Kwidzinski.


    Receive email updates from our team