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Shawcor Ltd. Completes $30m Over-Allotment Option Associated

Source: www.gulfoilandgas.com 10/3/2014, Location: North America

ShawCor Ltd. has successfully closed the $30,030,375 over-allotment option from its previously announced $200 million bought deal prospectus offering, which closed September 19, 2014.

The syndicate of underwriters led by TD Securities Inc. and including Cormark Securities Inc., RBC Dominion Securities Inc., AltaCorp Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc. and Scotia Capital Inc., exercised in full the over-allotment option and purchased an additional 547,500 common shares of the Company at a price of CAD$54.85 per common share.

The closing of the over-allotment option increases the total gross proceeds of the Offering to CAD$230,232,875.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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