TransactionsBTB REIT Announces Closing of Over-Allotment Option on Bought DealPublished: 04/14/2011 By Tom Koutoulakis, Sean Maniaci, Lawrence D. Wilder On April 14, 2011, BTB Real Estate Investment Trust closed the over-allotment option of its previously announced $17.5 million bought deal financing, which closed on March 29, 2011. The underwriters, led by National Bank Financial Inc. and Dundee Securities Ltd. and including Canaccord Genuity Corp. and HSBC Securities (Canada) Inc., exercised the over-allotment option and purchased 2,848,000 Units at a purchase price of $0.90 per Unit, for total net proceeds to BTB of approximately $2.4 million, after deducting the underwriters' fee. The exercise of the over-allotment option brings the aggregate gross proceeds of the offering to approximately $20.1 million. Cassels Brock represented the underwriters with a team consisting of Lawrence Wilder (Securities), Tom Koutoulakis (Securities) and Sean Maniaci (Securities). |