Merus Labs closes $3.05-million greenshoe 2015-06-01 09:29 ET - News Release
An anonymous director reports
MERUS LABS INTERNATIONAL INC. ANNOUNCES CLOSING OF EXERCISE OF OVER-ALLOTMENT OPTION
Merus Labs International Inc.'s syndicate of investment dealers, co-led by Clarus Securities Inc. and Cormark Securities Inc., and including Canaccord Genuity Corp., Laurentian Bank Securities Inc., GMP Securities LP and TD Securities Inc., has exercised the overallotment option to purchase 1,000,550 common shares of the company at a price of $3.05 per share. The overallotment option was granted to the underwriters in connection with the company's previously announced public offering, which closed on April 30, 2015. The company has today issued 1,000,550 shares for additional gross proceeds of $3,051,678 upon closing of the exercise of the overallotment option.
The net proceeds of the offering will be used for working capital and for general corporate purposes, including the financing of prospective future acquisitions.
We seek Safe Harbor.
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