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Cassels Brock Represents the Underwriters in Grande West Transportation Group Inc.'s $13.6 Million Bought Deal Financing

Published: 03/02/2017

Team: Jay F. King, James Lyle, Alison Hayman

On March 2, 2017, Grande West Transportation Group Inc. completed a bought deal private placement of common shares of the company, at a price of $1.90 per share for gross proceeds of $13,680,000. A total of 7,200,000 shares were sold pursuant to the offering, including 870,000 shares issued as a result of the full exercise of the underwriters' over-allotment option. The offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Echelon Wealth Partners Inc.

Cassels Brock acted for the underwriters with a team that included Jay King and James Lyle (Securities) and Alison Hayman (Intellectual Property).