Mogo Finance Technology Closes $26.25 Million Bought Deal Offering of Common Shares
|Areas||Corporate Finance and Securities, Tax, Technology|
Goodmans represented the underwriters in connection with the $26.25 million bought deal offering of 3,750,000 common shares of Mogo Finance Technology Inc. The underwriters were co-led by Cormark Securities Inc. and Canaccord Genuity Corp., and included BMO Nesbitt Burns Inc., Eight Capital and Mackie Research Capital Corporation. The underwriters have the option, exercisable in whole or in part to purchase up to an additional 562,500 common shares of the Company on the same terms as the offering. If the option is exercised in its entirety, the aggregate gross proceeds of the offering will be $30,187,500. Net proceeds from the offering will be used to fund the enhancement of the Company's existing digital platform and products, the research and development of new products and for working capital and other general corporate purposes.
Mogo Finance Technology Inc. is a financial technology company providing products designed to help consumers get in control of their financial health.