GreenSpace Brands completes US$8.5 million bought deal equity offering

On January 10, 2017, GreenSpace Brands Inc. (“GreenSpace”) completed a bought deal prospectus offering and concurrent private placement of an aggregate of 7,085,417 subscription receipts of the Company (the “Subscription Receipts”) at a price of $1.20 per Subscription Receipt (the “Offering”) for aggregate gross proceeds of $8,502,500.40. A total of 4,168,750 Subscription Receipts (including 543,750 Subscription Receipts issued as a result of the Underwriters’ full exercise of the over-allotment option) were offered by way of a short form prospectus filed in each of the Provinces of Canada (other than Quebec) and in the United States to Qualified Institutional Buyers pursuant to Rule 144A of the United States Securities Act of 1933, as amended, and 2,916,667 Subscription Receipts were offered on a bought deal private placement basis to eligible purchasers in each of the Provinces of Canada. The proceeds from the sale of the Subscription Receipts will be used by GreenSpace to fund the purchase price of the acquisition of the shares of Nothing But Nature Inc. The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Cormark Securities Inc., Canaccord Genuity Corp. and AltaCorp Capital Inc. Fasken Martineau advised underwriters with a team that included John Sabetti, Dan Fuke, Justine Connors and David Steinhauer (Securities/Corporate), with assistance from Mitchell Thaw (Tax) and students-at-law Niusha Arbabi and Jenna Ward.