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easyhome Ltd Announces $20 Million Bought Deal Equity Financing

Monday, 21 Oct 2013 08:00am EDT 

easyhome Ltd announced that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc pursuant to which the Underwriters have agreed to buy and sell to the public 1,346,900 common shares of the Company at a price of $14.85 per Common Share, for gross proceeds to the Company of $20,001,465. The Underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the Offering, to purchase up to an additional 202,035 Common Shares of the Company. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering will be $23,001,685. Closing of the Offering is expected to occur on or about November 8, 2013 and is subject to regulatory approval including that of the TSX Exchange. The Common Shares to be issued under the Offering will be offered by way of a short form prospectus in all provinces in Canada, except Quebec, and certain other jurisdictions. The net proceeds of the Offering will be used to fund growth initiatives in its easyfinancial services business and for general corporate and working capital purposes. 

Company Quote

-0.06 -0.31%
4:00pm EDT