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Merus Labs International Inc announces closing of $31.3 mln bought deal financing


Thursday, 19 Jun 2014 08:45am EDT 

Merus Labs International Inc:Announced bought deal financing with syndicate of investment dealers co-led by Canaccord Genuity Corp., Clarus Securities Inc. and Cormark Securities Inc., and which also included Paradigm Capital Inc., TD Securities Inc. and Euro Pacific Canada Inc.Under financing, issued total of 18,400,000 common shares at price of $1.70 per share, inclusive of 2,400,000 common shares issued pursuant to exercise in full of over-allotment option by Underwriters.Says gross proceeds will be of $31,280,000.Net proceeds of the offering will be used for future acquisitions and general working capital. 

Company Quote

1.67
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24 Dec 2014