On May 14, 2021, Abaxx Technologies Inc. ("Abaxx") completed its previously announced bought deal offering of units (the "Units"). Abaxx issued a total of 6,506,585 units on a bought deal basis, at an offering price of C$3.80 per Unit, which includes 848,685 Units issued pursuant to the exercise of an over-allotment option, in full, for gross proceeds of approximately C$24.72 million.
The offering was co-led by Cormark Securities Inc. ("Cormark") and BMO Capital Markets, together with Canaccord Genuity Corp. and Raymond James Ltd.
Fasken advised Cormark in connection with this transaction with a team comprised of Grant McGlaughlin, Allison Marks, David Pak, Nazish Mirza and Robin Spillette.
Jurisdiction
- Ontario