Dye & Durham today announced that it has entered into an agreement with an underwriting syndicate led by Scotia Capital Inc., Canaccord Genuity Corp. and BMO Capital Markets (collectively, the “Underwriters”) to complete a new issue (the “Offering”), on a bought deal basis, of an aggregate of 8,600,000 common shares at a purchase price of C$20.35 per common share for aggregate gross proceeds of C$175 million.
The Company has also granted the Underwriters an over-allotment option, exercisable for a period of 30 days from the date of the closing of the Offering, to purchase up to an additional 15% of the aggregate common shares to be sold pursuant to the Offering.
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