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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Canaccord Financial Inc. Completes $113.5 Million Offering of Preferred Shares

2011

Areas Corporate Finance and Securities, Tax

Summary

Goodmans represented Canaccord Financial Inc. ("Canaccord") in connection with the completion of a bought deal offering of 4,000,000 Cumulative 5-Year Rate Reset First Preferred Shares, Series A (the "Series A Preferred Shares") at a purchase price of $25.00 per Series A Preferred Share for aggregate gross proceeds of $100 million. Canaccord sold an additional 540,000 Series A Preferred Shares for aggregate gross proceeds of $13.5 million upon the exercise by the underwriters of an over-allotment option, which was completed on July 7, 2011. The Series A Preferred Shares are listed for trading on the Toronto Stock Exchange.  The Series A Preferred Shares were sold to a syndicate of underwriters co-led by CIBC World Markets Inc. and Canaccord Genuity Corp. that included BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Cormark Securities Inc., Desjardins Securities Inc., Dundee Securities Ltd., Haywood Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated.