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Cargojet Announces Closing of Over-Allotment Option for Additional Proceeds of C$15 Million in Connection with Recently Completed $350 Million Bought Deal Equity Offering
Cargojet Announces Closing of Over-Allotment Option for Additional Proceeds of C$15 Milli...
About this update from Cargojet Inc.
[{"type":"text","content":"\n \n \n \n Cargojet Announces Closing of Over-Allotment Option for Additional Proceeds of C$15 Million in Connection with Recently Completed $350 Million Bought Deal Equity 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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n MISSISSAUGA, ON\n \n ,\n \n Feb. 5, 2021\n \n /CNW/ - Cargojet Inc. (\"Cargojet\" or the \"Corporation\") (TSX: CJT) is pleased to announce the successful closing of the issue and sale of an additional 71,500 common voting shares (\"Common Voting Shares\") and/or variable voting shares (\"Variable Voting Shares\" and, together with the Common Voting Shares, the \"Shares\") of Cargojet at a price of\n \n C$213.25\n \n per Share (the \"Offering Price\") for aggregate gross proceeds to Cargojet of\n \n C$15,247,375\n \n pursuant to the partial exercise of the over-allotment option granted to the syndicate of underwriters, co-led by Scotiabank, CIBC Capital Markets, RBC Capital Markets, J.P. Morgan Securities Canada Inc., Morgan Stanley Canada Limited and BMO Capital Markets, in connection with the Corporation's recently completed\n \n $350 million\n \n bought deal equity offering (the \"Offering\").\n \n \n Together with the Shares issued on\n \n February 1, 2021\n \n , Cargojet will have issued a total of 1,713,500 Shares pursuant to the Offering for aggregate gross proceeds to Cargojet of\n \n C$365,403,875\n \n .\n \n \n The Offering was made pursuant to a final short form prospectus dated\n \n January 25, 2021\n \n (the \"Prospectus\"), and the Shares are traded on the Toronto Stock Exchange under the symbol \"CJT\".\n \n \n As further described in the Prospectus, the Company intends to apply the net proceeds of the Offering to purchase freighter aircraft, expand domestic capacities and facilities, pursue U.S. and international growth strategy and repay indebtedness.\n \n \n This news release shall not constitute ...