On May 16, 2024, Zedcor Inc. (the “Company”) closed a bought deal private placement offering of common shares of the Company (the “Offering”) conducted by Beacon Securities Limited, as lead agent and sole bookrunner, on behalf of a syndicate of underwriters that included Paradigm Capital Inc., Cormark Securities Inc. and Echelon Wealth Partners Inc.
The Offering was at a price of $1.00 per share (the “Issue Price”) for gross proceeds of $5,000,000 pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”). Concurrent with the closing of the Offering, the Company completed a private placement, on a commercially reasonable "best efforts" agency basis, of 10,000,000 common shares at the Issue Price to certain purchasers pursuant to applicable exemptions under NI 45-106, for gross proceeds of $10,000,000 (the "Concurrent Private Placement").
As a result of the completion of the Offering and Concurrent Private Placement, the Company raised aggregate gross proceeds of $15,000,000.
Fasken advised Beacon Securities Limited with a team led by John Sabetti and that included Allison Marks, Chelsea Young and Brittany Vanword (Capital Markets and M&A); Mitchell Thaw (Tax) and Rohat Jumani (Articling Student).
Jurisdiction
- Ontario
