Beacon Securities Limited and Cormark Securities Inc. Co-Led $10.8 Million Public Offering for GreenSpace Brands Inc.
August 3, 2017
On August 3, 2017 Beacon Securities Limited and Cormark Securities Inc. co-led a syndicate of underwriters, including Laurentian Bank Securities Inc., PI Financial Corp. and Raymond James Ltd., that conducted a bought deal short form prospectus offering for Green Space Brands Inc. (TSXV: JTR) (“GreenSpace”). GreenSpace offered and sold 7,3000,000 common shares, at an issue price of $1.48 per common share, for aggregate gross proceeds of $10,804,000. The underwriters were paid a commission equal to 6% of the gross proceeds raised, provided that a fee of 3% was paid in respect of proceeds raised from certain “president’s list” subscribers totaling 804,200 common shares.
Fasken Martineau advised the underwriters on this transaction with a team that included Rubin Rapuch, John Sabetti, Jessica Catton Rinaldi, David Steinhauer, Markus Liik and Mitchell Thaw.