Underwriting

ATS Announces C$163 Million Secondary Offering of Common Shares

Retrieved on: 
Wednesday, March 27, 2024
ATS, System, Offering, Vesey Street, Partnership, Form, Telephone, Underwriting, Sale, News, Attention, Closing, TSX, Mason, Equity capital markets, Register, Prospectus, Security (finance)

The Offering is expected to close on or about April 3, 2024 (the “Closing”).

Key Points: 
  • The Offering is expected to close on or about April 3, 2024 (the “Closing”).
  • All of the shares in the Offering will be sold by the Selling Shareholder.
  • The Company will not receive any proceeds from the sale of the Shares by the Selling Shareholder.
  • The Selling Shareholder notes, “As a long-time investor in ATS, Mason remains committed to the Company as reflected by our significant ownership stake.

Galaxy Announces Upsize of Bought Deal Financing to Approximately US$125 Million

Retrieved on: 
Tuesday, April 9, 2024
Common stock, Offering, Underwriting, Sale, Regulation, TSX, Galaxy, Person, Security (finance)

NEW YORK, April 9, 2024 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or the "Company") is pleased to announce that it has agreed to increase the size of its previously announced bought deal financing with Canaccord Genuity Corp. (the "Underwriter").

Key Points: 
  • NEW YORK, April 9, 2024 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or the "Company") is pleased to announce that it has agreed to increase the size of its previously announced bought deal financing with Canaccord Genuity Corp. (the "Underwriter").
  • The Underwriter has agreed to purchase, on a bought deal basis, an additional 2,350,000 ordinary shares of the Company (the "Ordinary Shares") at a price of C$14.00 per Ordinary Share (the "Issue Price").
  • As a result of the upsize, the aggregate number of Ordinary Shares purchase by the Underwriter shall be 12,100,000 Ordinary Shares, for aggregate gross proceeds to the Company of C$169,400,000 (or approximately US$125 million equivalent) (the "Offering").
  • The Prospectus Supplement will be filed on SEDAR+ at www.sedarplus.ca on or before April 11, 2024.

Galaxy Announces Approximate US$100 Million Bought Deal Public Offering

Retrieved on: 
Tuesday, April 9, 2024
Offering, Underwriting, Class, Sale, Regulation, TSX, Galaxy, Investment, Person, Security (finance)

Galaxy's investment banking affiliate, Galaxy Digital Partners LLC, also acted as an advisor to the Company.

Key Points: 
  • Galaxy's investment banking affiliate, Galaxy Digital Partners LLC, also acted as an advisor to the Company.
  • The Offering is expected to close on or about April 12, 2024, and is subject to customary closing conditions, including receiving all necessary regulatory approvals.
  • The net proceeds of the Offering to the Company will be used for working capital and general corporate purposes.
  • The Prospectus Supplement will be filed on SEDAR+ at www.sedarplus.ca on or before April 11, 2024.

One Equity Partners Invests in Italian Agricultural Tractor Attachment Manufacturer CBM

Retrieved on: 
Wednesday, March 27, 2024
Other Manufacturing, Other Transport, Finance, Engineering, Transport, Automotive Manufacturing, Professional Services, Manufacturing, Agriculture, Natural Resources, Underwriting, Corporation, KPMG, Spondyloarthropathy, Growth, Lifting, IMI, CBM, Banco BPM, OEP, Intesa Sanpaolo, BPER Banca, Security, Financial services

One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has made a minority investment in agricultural tractor attachment equipment maker CBM (“the Company”).

Key Points: 
  • One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has made a minority investment in agricultural tractor attachment equipment maker CBM (“the Company”).
  • Founded in 1967 by the Cornia Family and headquartered in Modena, Italy, CBM is one of the leading global manufacturers of tractor attachment systems.
  • “We’re thrilled to be partnering with the Cornia Family who have built CBM into a global leader in the tractor attachment systems space,” said Joseph Huffsmith , Partner, One Equity Partners.
  • One Equity Partners received financial and tax advisory from KPMG, legal advisory from Freshfields, environmental, social and governance from Malk Partners, and transactional advisory from Eidos Partners.

Dolly Varden Silver Announces $15 Million Bought-Deal Public Offering, With Participation by Eric Sprott

Retrieved on: 
Monday, March 4, 2024
TSX Venture Exchange, Person, Mining, Income Tax Act, Sale, Supplement, Indian stock exchange, DV, NOT, Underwriting, Charity, Fury, Offering, Security (finance)

VANCOUVER, British Columbia, March 04, 2024 (GLOBE NEWSWIRE) -- Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as the sole bookrunner and co-lead underwriter, and together with Haywood Securities Inc. as co-lead underwriters, on behalf of a syndicate of underwriters, including Raymond James Ltd. (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 14,285,700 flow-through shares of the Company to be sold to charitable purchasers (each, a “Charity FT Share”) that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) at a price of $1.05 per Charity FT Share, for aggregate gross proceeds to the Company of $14,999,985 (the “Offering”). Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction.

Key Points: 
  • Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction.
  • Copies of the Shelf Prospectus and, the Supplement to be filed in due course in connection with the Offering, will be available on SEDAR+ at www.sedarplus.ca .
  • The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering.
  • In connection with the Offering, the Underwriters will receive an aggregate cash fee equal to 5.0% of the gross proceeds of the Offering.

Rogers Sugar Announces a $110 Million Equity Offering to Fund a Portion of its Sugar Capacity Expansion Project

Retrieved on: 
Monday, February 26, 2024
Greater Toronto Area, Investment, BMO Capital Markets, Rogers Sugar, TSX, Toronto Stock Exchange, Growth, Sale, Exercise, Concurrency, Private, Indian stock exchange, Equity, Expansion, Underwriting, RSI, Public, Security (finance)

The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).

Key Points: 
  • The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).
  • In addition, longtime Rogers Sugar shareholder Belkorp Industries Inc. (“Belkorp”) has agreed to purchase approximately $10 million of Common Shares, also by way of a concurrent private placement.
  • The Expansion Project will increase the production capacity of Lantic’s Montreal plant by approximately 20%, or 100,000 metric tonnes.
  • The total investment for the Expansion Project is estimated at approximately $200 million.

Diversified Royalty Corp. Announces Increase to Previously Announced Bought Deal Public Offering of Common Shares to $47 Million

Retrieved on: 
Thursday, February 15, 2024
Acquisition, News, TSX, Sale, Treasury, Indian stock exchange, Underwriting, DIV, Corporation, Offering, Security (finance)

VANCOUVER, British Columbia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of investment dealers led by CIBC Capital Markets (collectively, the “Underwriters”) to increase the size of the previously announced bought deal treasury offering. Under the revised agreement, the Underwriters have agreed to purchase 17,670,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $47 million (the “Offering”).

Key Points: 
  • Under the revised agreement, the Underwriters have agreed to purchase 17,670,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $47 million (the “Offering”).
  • The Over-Allotment Option is exercisable, in whole or in part, by the Underwriters at any time up to 30 days following the closing of the Offering.
  • The Offering Documents will contain important detailed information about the securities being offered.
  • Closing of the Offering is expected to occur on or about February 23, 2024 and is subject to regulatory approval including that of the TSX.

How Supply & Demand is Likely Driving the Uranium Market to Reach a 16-Year Peak This Year

Retrieved on: 
Wednesday, February 14, 2024
Cloud, Mining, Income Tax Act, News, Exercise, NXE, Gartner, CEE, Denison Mines, Appaloosa, Offering, PI, KZAP, Underwriting, SABRE, Orano Canada, Donald Duck filmography, OTCQX, Arrow, Anomaly, Pressure, Triple, EM, La Loche, Life, Carbon, Fukushima nuclear disaster, STUD, Capital, Saloon, SW2, SW1, PALM, Reuters, Beaverlodge, Uranium, TSX, PLS, Geology, Risk, DNN, COVID, NexGen, Uranium mining

PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.

Key Points: 
  • PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.
  • Toronto-listed Cameco is expected to be the world's second largest uranium producer this year after Kazatomprom.
  • The objective of the 2024 program is the discovery of uranium mineralization associated with conductive electromagnetic (EM) anomalies.
  • “We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company.

Cosa Announces Upsized C$6.5 Million Bought Deal Private Placement to Fund Athabasca Basin Uranium Exploration

Retrieved on: 
Tuesday, February 13, 2024
TSX Venture Exchange, Person, Income Tax Act, Hard, News, Sale, Warrant, Prospectus, Date, Organic, NOT, National instrument, Charity, Underwriting, Acceleration, Athabasca Basin, COSA, Unit, Offering, Security (finance)

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa” or the “Company”) is pleased to announce that, in connection with its previously announced bought deal private placement offering (the “Offering”), it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters (collectively, the “Underwriters”) to increase the size of the Offering to: (i) 2,128,000 hard dollar units of the Company (the “Hard Dollar Units”) at a price of C$0.47 per Hard Dollar Unit (the “Hard Dollar Issue Price”), and (ii) 7,704,000 charity flow-through units of the Company (the “Charity FT Units”, and together with the Hard Dollar Units, the “Units”) at a price of C$0.714 per Charity FT Unit (the “Charity FT Issue Price”), for aggregate gross proceeds to the Company of C$6,500,816.

Key Points: 
  • Each Warrant will entitle the holder thereof to purchase one Share (a “Warrant Share”) at an exercise price of C$0.67 for 24 months following the completion of the Offering.
  • All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Units effective December 31, 2024.
  • The net proceeds from the sale of Hard Dollar Units will be used to fund exploration and for additional working capital purposes.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cosa Announces C$5 Million Bought Deal Private Placement To Fund Athabasca Basin Uranium Exploration

Retrieved on: 
Monday, February 12, 2024
TSX Venture Exchange, Person, Income Tax Act, Hard, News, Sale, Warrant, Prospectus, Date, Organic, NOT, National instrument, Charity, Underwriting, Acceleration, Athabasca Basin, COSA, Offering, Security (finance)

VANCOUVER, British Columbia, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters (collectively, the “Underwriters”) who have agreed to purchase, or arrange for substitute purchasers, on a “bought deal” private placement basis, 2,128,000 hard dollar units of the Company (the “Hard Dollar Units”) at a price of C$0.47 per Hard Dollar Unit (the “Hard Dollar Issue Price”), and 5,603,000 charity flow-through units of the Company (the “Charity FT Units”, and together with the Hard Dollar Units, the “Units”) at a price of C$0.714 per Charity FT Unit (the “Charity FT Issue Price”), for aggregate gross proceeds to the Company of C$5,000,702 (collectively, the “Offering”).

Key Points: 
  • All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Units effective December 31, 2024.
  • The net proceeds from the sale of Hard Dollar Units will be used to fund exploration and for additional working capital purposes.
  • Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.