MCAN Mortgage Corporation Completes Public Offering of Common Shares
|Areas||Corporate Finance and Securities, Tax|
Goodmans represented MCAN Mortgage Corporation in connection with the completion of the issuance of 2,300,000 common shares at a price of $14.50 per share for total gross proceeds of $33,350,000. The offering included the issuance of 2,000,000 common shares for gross proceeds of $29,000,000, together with 300,000 common shares issued pursuant to the exercise in full of the over-allotment option by the agents for additional gross proceeds of $4,350,000. The offering was conducted through a syndicate of agents co-led by BMO Capital Markets and RBC Capital Markets and included National Bank Financial Inc. and Scotia Capital Inc.