Dye & Durham Limited announced the closing of its previously announced bought deal offering of common shares of the company. Under the offering, the company issued a total of 11,960,000 common shares for gross proceeds to the company of approximately $145 million, which includes the exercise, in full, by the underwriters of the over-allotment option granted by the company to purchase up to an additional 1,560,000 common shares at $12.10 per common share.
The offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Cormark Securities Inc., and Raymond James Ltd. (collectively, the “Underwriters“).
Goodmans LLP acted as legal counsel to Dye & Durham and Bennett Jones LLP acted as legal counsel to the underwriters.
The Goodmans team was led by David Coll-Black and included Bill Gorman, Aryan Pour-Bahreini, Andrew Patel, Michael Royal, Michael Hassar, and Jacky Jesin Neuberger.