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Atlas Engineered Products Ltd. Announces Closing of $5.0 Million Bought Deal and $9.5 Million Concurrent Private Placement Offering
Atlas Engineered Products Ltd. Announces Closing of $5.0 Million Bought Deal and $9.5 Million Con...
About this update from Atlas Engineered Products Ltd.
[{"type":"text","content":"\n \n \n \n Atlas Engineered Products Ltd. Announces Closing of $5.0 Million Bought Deal and $9.5 Million Concurrent Private Placement Offering\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR\n \n \n FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n NANAIMO, BC\n \n \n ,\n \n \n June 26, 2024\n \n \n /CNW/ - Atlas Engineered Products Ltd. (\"\n \n AEP\n \n \" or the \"\n \n Company\n \n \") (TSXV: AEP) (OTC: APEUF) is pleased to announce the closing of its previously announced bought deal private placement of common shares (the \"\n \n Offered Shares\n \n \") of the Company (the \"\n \n Offering\n \n \") and concurrent brokered private placement of common shares (the \"\n \n Private Placement Shares\n \n \") of the Company (the \"\n \n Concurrent Private Placement\n \n \") for aggregate gross proceeds of\n \n $14,562,855\n \n .\n \n \n The Company entered into an underwriting and agency agreement (the \"\n \n Underwriting and Agency Agreement\n \n \") with Beacon Securities Limited (\"\n \n Beacon\n \n \"), as lead underwriter and sole bookrunner, together with Clarus Securities Inc., Cormark Securities Inc. and Ventum Financial Corp. (together with Beacon, the \"\n \n Underwriters\n \n \"), whereby the Company issued 3,704,000 Offered Shares at an issue price of\n \n $1.35\n \n per Offered Share (the \"\n \n Issue Price\n \n \") for gross proceeds of\n \n $5,000,400\n \n pursuant to Part 5A (the \"\n \n Listed Issuer Financing Exemption\n \n \") of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \"), including 741,000 Offered Shares issued pursuant to the exercise in full of the option granted to the Underwriters pursuant to the Underwriting and Agency Agreement. Pursuant to the Concurrent Private Placement, the Company issued 7,083,300 Private Placement Shares at the Issue Price to certain purchasers pursuant to applicable exemptions under NI 45-106, for gross ...