Globe & Mail Well Health Technologies Corp. announced a $65-million bought-deal offering of convertible debentures.
The Vancouver-based said the financing will be led by Eight Capital and Scotiabank together with a syndicate of underwriters. The company said it has received “an indication of interest for a lead order in connection with the offering from a large Canadian pension fund manager.”
It intends to use the net proceeds “to fund growth initiatives, including to complete potential future acquisitions, to repay indebtedness, and for working capital and general corporate purposes.”