Park Lawn Completes Common Share Offering

Goodmans LLP represented Park Lawn Corporation (TSX:PLC) ("PLC" or the "Company") in its completion of a bought deal offering of subscription receipts, which closed on May 4, 2018. The syndicate of underwriters was co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. and included Acumen Capital Finance Partners Limited, BMO Nesbitt Burns Inc., Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp., Clarus Securities Inc., GMP Securities L.P. and Paradigm Capital Inc. A total of 7,745,250 subscription receipts (including subscription receipts issued pursuant to the exercise in full of the over-allotment option granted by PLC to the Underwriters) were issued at a price of $24.50 per subscription receipt for total gross proceeds of $189,758,625. In accordance with the terms of the subscription receipts, each subscription receipt was exchanged for one common share of the Company on May 7, 2018, and the net proceeds from the sale of the subscription receipts were used by PLC to complete the acquisition of Signature Funeral and Cemetery Investments, LLC. The subscription receipts were delisted from the Toronto Stock following the close of markets on May 7, 2018 and were automatically reorganized into Common Shares.