Nuuvera (TSXV:NUU) completed a bought deal offering 9,409,090 units with a group of underwriters.

As quoted in the press release:


1,227,270 Units issued upon exercise of the over-allotment option, at an issue price of $5.50 per Unit for aggregate gross proceeds of $51,749,995 (the “Offering“). Each Unit is comprised of one common share of the Company (a “Common Share“) and one half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $7.20 for a period of 24 months following the date hereof.

The Offering was conducted by a syndicate of underwriters co-led by Clarus Securities Inc. and Canaccord Genuity Corp. and including GMP Securities L.P. (collectively, the “Underwriters“). In consideration of the services rendered by the Underwriters in connection with the Offering, Nuuvera paid the Underwriters a commission equal to 6% of the gross proceeds of the Offering.

Click here to read the full press release.

Source: www.newswire.ca

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