Canaccord Genuity Acquisition Corp. Completes IPO

Goodmans LLP represented Canaccord Genuity Acquisition Corp. ("CGAC" or the "Corporation") in connection with the closing of its initial public offering of $30,000,000 of Class A Restricted Voting Units.

The sponsor of CGAC is CG Investments Inc. ("CGII"), a wholly-owned subsidiary of Canaccord Genuity Group Inc. CGAC is a newly organized special purpose acquisition corporation formed for the purpose of effecting an acquisition of one or more businesses. CGAC intends to target a growth company with an enterprise value of between $50 million and $250 million for its qualifying acquisition, although there is no limit on the size, industry or geographic region of the acquisition. The acquisition target is expected to be an operating business that would benefit from being a public company.

Concurrent with closing, CGII purchased 833,333 Class B Units of the Corporation (each consisting of one Class B Share and one Warrant) for a purchase price of $3.00 per Class B Unit, resulting in aggregate proceeds of approximately $2,500,000 to CGAC.

The syndicate of underwriters were led by Canaccord Genuity Corp. and Cormark Securities Inc.