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Altus Group Ltd Announces CAD40 Million Bought Deal Financing

Thursday, 10 Oct 2013 03:21pm EDT 

Altus Group Ltd announced that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and Canaccord Genuity Corp., under which the underwriters have agreed to buy on a bought deal basis 3,050,000 common shares in the capital of the Company (the Common Shares), at a price of $13.15 per Common Share (the Offering Price) for gross proceeds of $40,107,500 (the Offering). The Company has granted the Underwriters an option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 31, 2013 and is subject to Altus Group receiving all necessary regulatory approvals. The net proceeds of the Offering will be used for the repayment of debt and general corporate purposes, including Altus Group's growth strategy. 

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24 Apr 2015