RE:RE:RE:RE:New Issue Completion of the Equity Financing is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. Closing of the Equity Financing is expected to occur on June 8 , 2021. Closing of the Equity Financing is not conditional on the closing of the Strategic Acquisitions. In the event that the Strategic Acquisitions do not close, the net proceeds from the Equity Financing will be used to fund future acquisitions and for internal working capital purposes.
In conjunction with the Equity Financing, certain officers, directors and employees of Topaz and their associates intend to purchase up to 0.2 million Common Shares at a price of $14.25 per Common Share on a private placement basis.
riski wrote: 8 days later and still no news on the closure of this allegedly oversubscribed deal.
savyinvestor333 wrote: Why? It never traded down to the issue price and I only received around 10% of the shares I asked to purchase. I'm sure the over allotment will be excercised.
riski wrote: I find this hard to believe. savyinvestor333 wrote:
Must have been hugely oversubscribed as I only received a fraction of whatr I asked for.