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Avigilon closes C$23 million bought-deal financing

Fasken
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Overview

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Avigilon Corporation

On September 6, 2012, Avigilon Corporation (Avigilon) announced that it closed a bought deal equity financing (the Offering). Avigilon issued 3,593,750 common shares at a price of C$6.40 per common share for gross proceeds of C$23 million. The Offering was conducted through a syndicate of underwriters. Avigilon intends to use the net proceeds of the Offering to strengthen its balance sheet, complement funding of working capital for long term growth and to continue to fund targeted growth initiatives. Founded in 2004, Avigilon design and manufacture high-definition (HD) surveillance solutions. Avigilon systems protect and monitor various locations worldwide including major corporations, government institutions, stadiums, retail environments, casinos, critical infrastructure, transportation stations, and more, providing the best evidence possible. Fasken Martineau was counsel to Avigilon Corporation, with a team that included Iain Mant (Securities, Corporate/Commercial), Steve Saville (Securities), Prentice Durbin (Corporate/Commercial) and Michael Hobkirk (Securities).

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