Allotment

DGAP-News: Goldsource Closes $6.6 Million Brokered Private Placement, 80% of Over-Allotment Option Exercised

Tuesday, March 24, 2020 - 9:04pm

Goldsource Closes $6.6 Million Brokered Private Placement, 80% of Over-Allotment Option Exercised

Key Points: 
  • Goldsource Closes $6.6 Million Brokered Private Placement, 80% of Over-Allotment Option Exercised
    The issuer is solely responsible for the content of this announcement.
  • Each Unit consisted of one common share of Goldsource ("Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant").
  • Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.16 until September 24, 2022.
  • The completed Offering includes exercise of the agents' over-allotment option for $1,602,909, representing approximately 80% of the over-allotment option to purchase additional Units at $0.11 per Unit.

TELUS announces closing of C$1.5 billion equity offering

Wednesday, February 26, 2020 - 1:51pm

VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- TELUS Corporation (TELUS or the Company) (TSX-T, NYSE-TU) announced today the closing of its bought deal offering (the Offering) of common shares (the Common Shares) announced on February 19, 2020, including the full exercise of the over-allotment option (the Over-Allotment Option).

Key Points: 
  • VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- TELUS Corporation (TELUS or the Company) (TSX-T, NYSE-TU) announced today the closing of its bought deal offering (the Offering) of common shares (the Common Shares) announced on February 19, 2020, including the full exercise of the over-allotment option (the Over-Allotment Option).
  • Including the exercise of the Over-Allotment Option, the Company sold an aggregate of 28,750,000 Common Shares for total gross proceeds of C$1,495,000,000.
  • Proceeds of the Offering will be used for general corporate purposes including funding growth opportunities, capital expenditures and the reduction of indebtedness.
  • TELUS Health is Canada's largest healthcare IT provider, and TELUS International delivers the most innovative business process solutions to some of the worlds most established brands.

FirstService Corporation Completes US$200 Million Bought Deal Public Offering of Common Shares

Friday, December 13, 2019 - 1:30pm

If the over-allotment option is exercised in full, the gross proceeds of the offering will total US$230,301,875.

Key Points: 
  • If the over-allotment option is exercised in full, the gross proceeds of the offering will total US$230,301,875.
  • multijurisdictional disclosure system, and on a private placement basis in certain jurisdictions outside Canada and the United States pursuant to applicable prospectus exemptions.
  • FirstService generates more than US$2 billion in annual revenues and has approximately 22,000 employees across North America.
  • The Common Shares of FirstService trade on the NASDAQ under the symbol FSV and on the Toronto Stock Exchange under the symbol FSV.

AllianzGI Artificial Intelligence & Technology Opportunities Fund Announces Second Partial Exercise of Over-Allotment Option

Tuesday, December 10, 2019 - 1:45pm

AllianzGI Artificial Intelligence & Technology Opportunities Fund (the Fund) announced today that the underwriters of its initial public offering of common shares, which closed on October 31, 2019, exercised a second partial over-allotment option having purchased an additional 1,500,000 common shares of the Fund.

Key Points: 
  • AllianzGI Artificial Intelligence & Technology Opportunities Fund (the Fund) announced today that the underwriters of its initial public offering of common shares, which closed on October 31, 2019, exercised a second partial over-allotment option having purchased an additional 1,500,000 common shares of the Fund.
  • The closing of the second partial exercise of the over-allotment option occurred on December 2, 2019.
  • The gross proceeds of $30,000,000 from the second partial exercise of the over-allotment option brings the total amount raised in the Funds initial public offering to $686,362,700.
  • The Fund has a limited term feature pursuant to which it intends to terminate on or about October 29, 2031 (the Dissolution Date).

GreenVision Acquisition Corp. Announces Underwriter’s Exercise of Over-Allotment Option

Wednesday, November 20, 2019 - 6:08pm

NEW YORK, Nov. 20, 2019 (GLOBE NEWSWIRE) -- GreenVision Acquisition Corp. (NASDAQ: GRNVU, the Company) announced today that it had received notice from I-Bankers Securities Inc. the sole book runner and the representative of the underwriters in the initial public offering, that the underwriters have exercised the over-allotment option in full.

Key Points: 
  • NEW YORK, Nov. 20, 2019 (GLOBE NEWSWIRE) -- GreenVision Acquisition Corp. (NASDAQ: GRNVU, the Company) announced today that it had received notice from I-Bankers Securities Inc. the sole book runner and the representative of the underwriters in the initial public offering, that the underwriters have exercised the over-allotment option in full.
  • The over-allotment option exercise will result in the issuance of an additional 750,000 units, and the receipt by the Company of additional gross proceeds of $7,500,000 ($10.00 per Unit).
  • The Company's units are listed on NASDAQ (NASDAQ) and trade under the ticker symbol GRNVU.
  • Closing of the offering, including the closing on the over-allotment option exercise is expected to occur on Thursday, November 21, 2019 subject to customary closing conditions.

Fortuna Silver Mines Announces Closing of Convertible Debenture Over-Allotment Option

Tuesday, October 8, 2019 - 1:56pm

VANCOUVER, British Columbia, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (Fortuna or the Company) is pleased to announce the full exercise and closing of the over-allotment option (Over-Allotment Option) granted to CIBC Capital Markets, Scotiabank and BMO Capital Markets (collectively, the Underwriters).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (Fortuna or the Company) is pleased to announce the full exercise and closing of the over-allotment option (Over-Allotment Option) granted to CIBC Capital Markets, Scotiabank and BMO Capital Markets (collectively, the Underwriters).
  • Pursuant to the exercise of the Over-Allotment Option, Fortuna today issued 6,000 Additional Debentures to the Underwriters at a price of US$1,000 per Additional Debenture for additional gross proceeds to the Company of US$6 million, bringing the total aggregate gross proceeds to Fortuna under the Offering to US$46 million.
  • About Fortuna Silver Mines Inc.
    Fortuna is a growth oriented, precious metals producer focused on mining opportunities in Latin America.
  • The Companys primary assets are the Caylloma silver mine in southern Peru, the San Jose silver-gold mine in Mexico and the Lindero gold project, currently under construction, in Argentina.

Titan Medical Announces Overnight Marketed Offering of Units

Monday, September 23, 2019 - 9:39pm

Each of these filings is in connection with a proposed marketed offering of units (the Units) of the Company (the Offering) for total gross proceeds of a minimum of US$18,000,000 and a maximum of US$22,000,000.

Key Points: 
  • Each of these filings is in connection with a proposed marketed offering of units (the Units) of the Company (the Offering) for total gross proceeds of a minimum of US$18,000,000 and a maximum of US$22,000,000.
  • The Company also expects to grant to the Agent a 30-day over-allotment option to sell up to an additional 15% of the number of Units and/or Warrants offered in the Offering.
  • The Offering is subject to a number of customary conditions, including, without limitation, receipt of all regulatory and stock exchange approvals.
  • Titan Medical Inc. is focused on computer-assisted robotic surgical technologies for application in MIS.

Fraser Institute News Release: Small B.C. First Nation uses property rights to generate prosperity for its members

Tuesday, September 17, 2019 - 10:00am

Westbank has created an environment where band members can create wealth that benefits both the individual and the community, said Tom Flanagan, Fraser Institute senior fellow, professor emeritus of political science at the University of Calgary and author of Property Rights and Prosperity: A Case Study of Westbank First Nation .

Key Points: 
  • Westbank has created an environment where band members can create wealth that benefits both the individual and the community, said Tom Flanagan, Fraser Institute senior fellow, professor emeritus of political science at the University of Calgary and author of Property Rights and Prosperity: A Case Study of Westbank First Nation .
  • According to the study, Westbanks system of property law, which closely resembles Canadian property law, drives band prosperity by allowing members to acquire allotments to buy and sell real estate on and off reserve.
  • Put simply, Westbank is a much more independent and empowered First Nations community because of its prosperity, Flanagan said.
  • And Westbanks government, which represents roughly 850 band members, currently enjoys a budget surplus of about $110 million.

Shopify Launches Offering of Class A Subordinate Voting Shares

Monday, September 16, 2019 - 9:35pm

The Preliminary Supplement was filed in connection with a public offering of Shopifys Class A subordinate voting shares (the Offering).

Key Points: 
  • The Preliminary Supplement was filed in connection with a public offering of Shopifys Class A subordinate voting shares (the Offering).
  • A total of 1,900,000 Class A subordinate voting shares will be offered by Shopify for sale under the Offering, which will be led by Credit Suisse and Morgan Stanley (the Underwriters).
  • Shopify will also grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Class A subordinate voting shares to be sold pursuant to the Offering (the Over-Allotment Option).
  • Closing of the Offering will be subject to a number of closing conditions, including the listing of the Class A subordinate voting shares on the NYSE and TSX, and any required approvals of each exchange.

RH Announces Exercise of Over-Allotment Option for Its 0.00% Convertible Notes Due 2024

Monday, September 16, 2019 - 12:00pm

RH (NYSE: RH) announced today the exercise of the entire over-allotment option of $50 million aggregate principal amount of its 0.00% convertible notes due 2024, resulting in a total offering size of $350 million.

Key Points: 
  • RH (NYSE: RH) announced today the exercise of the entire over-allotment option of $50 million aggregate principal amount of its 0.00% convertible notes due 2024, resulting in a total offering size of $350 million.
  • The sale of the notes to the initial purchaser, including the notes to be sold pursuant to the over-allotment option, is expected to settle on September 17, 2019, subject to customary closing conditions.
  • The notes will not bear interest and will mature on September 15, 2024, unless earlier purchased by us or converted.
  • The notes will be convertible into cash, shares of RHs common stock, or a combination thereof, at RHs election.