Avigilon Corporation announces closing of bought deal financing
Avigilon Corporation announces that it has closed the bought deal equity financing it announced November 7, 2013. The Company issued 2,863,270 common shares at a price of $24.10 per common share (which includes 373,470 common shares issued pursuant to the exercise in full of the over-allotment option) for gross proceeds of $69,004,807.
The Offering was underwritten by a syndicate of underwriters led by GMP Securities L.P. and including BMO Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., RBC Capital Markets, PI Financial Corp. and Cantor Fitzgerald Canada Corporation.
The Company intends to use the net proceeds from the Offering for general corporate purposes and for potential strategic acquisitions.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.