Closing of its C$38.8 Million Bought Deal Financing T.ACB Intends to Repay Remaining Convertible Debt Balance, Saving Almost C$2 Million in Annual Interest Payments
EDMONTON, AB, Oct. 3, 2023 /PRNewswire/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, today announced the closing of its previously announced bought deal offering of 53,187,500 common shares of the Company (the "Offered Securities") at a price of C$0.73 per Offered Security (the "Offering Price"), for aggregate gross proceeds to Aurora of approximately C$38,826,875 (the "Offering"). The gross proceeds include the full exercise of the over-allotment option by Canaccord Genuity to purchase 6,937,500 additional common shares of the Company on the same terms as the Offering.
Aurora Cannabis Inc. Announces Closing of its C$38.8 Million Bought Deal Financing, Including the Full Exercise of the Over-Allotment Option (prnewswire.com)