TransactionsContrans Group Inc. Closes $56 Million FinancingPublished: 06/03/2010 By W. Bruce Clark, Alexandra Iliopoulos, Jay F. King On June 2, 2010, Contrans Group Inc. closed a bought deal public offering of its Class A subordinate voting shares at a price of $9.60 per Share. The underwriters, co-led by Cormark Securities Inc. and RBC Capital Markets and including BMO Capital Markets, National Bank Financial Inc. and TD Securities Inc. elected to exercise a portion of their over-allotment option on closing of the Offering, resulting in a total of 5,856,800 Shares being issued for gross proceeds to Contrans of $56,225,280. Cassels Brock acted for Contrans Group Inc. with a team that included Alison Manzer (Financial Services), Bruce Clark (Business Law), Alex Iliopoulos (Securities), Jay King (Securities and Mining), Simon Flood (Securities) and Duane Milot (Tax). |