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Gibraltar Growth Corp (GBGa.TO)

GBGa.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Gibraltar Growth Corp acquires LXR for $82.5 mln
Thursday, 13 Apr 2017 03:33pm EDT 

Gibraltar Growth Corp : Gibraltar Growth Corporation announces the proposed acquisition of LXR Produits de luxe international as its qualifying acquisition . Gibraltar Growth Corp says acquisition by Gibraltar growth of all issued and outstanding shares of LXR for an aggregate purchase price of $82.5 million . Gibraltar Growth Corp says as a result of acquisition, LXR will become a wholly-owned subsidiary of Gibraltar growth . Gibraltar Growth Corp - assuming redemption levels of 50 percent and 100 percent, founders of lxr will own 23 percent and 35 percent of resulting company, respectively . Gibraltar Growth Corp says following closing of acquisition, LXR will continue to be led by its founders Fred Mannella and Kei Izawa . Gibraltar Growth - cam di prata, co-ceo and director, will assume role of executive chairman, will continue as a director of resulting company . Gibraltar Growth Corp - acquisition will introduce LXR as a publicly-listed company . It is expected that up to an additional two independent directors will be added following closing . Jeremy Stepak, current cfo, will act as chief financial officer of resulting company on an interim basis .Gibraltar Growth Corp - has secured support of over 52% of disinterested shareholders for acquisition.  Full Article

Gibraltar Growth Corp announces completion of $100,000,000 initial public offering of class A restricted voting units
Friday, 2 Oct 2015 08:08am EDT 

Gibraltar Growth Corp:Says closing of its initial public offering of $100,000,000 of class A restricted voting units.Says that the company has granted the underwriters of the offering a 30-day option following closing of the offering to purchase up to an additional 1,500,000 class A restricted voting units, at a price of $10.00 each for additional gross proceeds of up to $15,000,000.Proceeds from distribution of the class A restricted voting units were deposited into an escrow account and will only be released upon certain prescribed conditions as further described in the final prospectus of the company dated Sept. 25.Says Gibraltar Opportunity, Inc is the sponsor of the Corporation and a wholly owned subsidiary of Gibraltar & Company, Inc, a Toronto-based private investment management company.  Full Article

Gibraltar Growth Corporation files final prospectus for initial public offering of $100,000,000 of class A restricted voting units
Monday, 28 Sep 2015 09:25am EDT 

Gibraltar Growth Corporation:Says has filed final prospectus with securities regulatory authorities in all provinces and territories of Canada and has obtained a receipt therefor in respect of its initial public offering of $100,000,000 of Class A restricted voting units.Says proceeds from the distribution of the Class A restricted voting units will be deposited into an escrow account and will only be released upon certain prescribed conditions.Says each Class A restricted voting unit has an offering price of $10.00 per Class A restricted voting unit and consists of one Class A restricted voting share and one warrant.Closing of the Offering is expected to occur on or about October 2.Offering is being distributed by a syndicate of underwriters led by CIBC, TD Securities Inc. and Cantor Fitzgerald & Co., and which includes National Bank Financial Inc.Blake, Cassels & Graydon LLP is acting as legal counsel to Gibraltar Opportunity and the Corporation and Stikeman Elliott LLP is acting as legal counsel to the Underwriters.  Full Article

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