RE:RE:RE:Closes Previously Announced Bought Deal Financing ...Digby8 wrote: Sounds like they have already identified a target, with possibly injecting another $5M to grow it?
"The Company plans to use $28 million of the net proceeds of the Offering to pursue opportunistic acquisitions and business expansion opportunities in North America and international markets and $5 million for capital expenditures..."
Although they say 28 million is planned for acquisitions and/or expansons, the next deal (if any) could be structured like Good Roads, which was a cash and shares deal, with the ratio to be announced. So if shares are involved, it could be a much bigger deal than is implied by 28 million. But I'm starting to wonder if maybe expansion isnt the focus of this raise. Maybe they're looking to expand Good Roads existing manufacturing foot-print in the US?