Business
Horizon North Logistics Inc. Announces Closing of $80.6 Million Bought Deal Financing
  /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED S...
About this update from Dexterra Group, Inc.
[{"type":"text","content":"\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\n\nCALGARY, July 8, 2015 /CNW/ - Horizon North Logistics Inc. (\"Horizon North\" or the \"Corporation\") (TSX: HNL) is pleased to announce the closing of its bought deal public offering of 21,505,000 common shares of the Corporation at a price of $3.75 per share, which includes 2,805,000 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of approximately $80.6 million (the \"Offering\"). \n\nThe syndicate of underwriters was led by Peters & Co. Limited and included National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., AltaCorp Capital Inc., Clarus Securities Inc., Cormark Securities Inc., FirstEnergy Capital Corp., GMP Securities L.P. and Raymond James Ltd.\n\nThe net proceeds received by Horizon North from the Offering will be used to initially reduce indebtedness and thereafter to partially fund Horizon North's ongoing capital expenditure program and for general corporate purposes.\n\nThe securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n\nAbout Horizon North Logistics Inc.\n\nHorizon North is a remote resource development service company that provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions.  Horizon North provides these services in support of oil sands development, oil and gas exploration, mining and infrastructure projects throughout Canada's western provinces and northern territories where local infrastructure does not meet project requirements. \n\nThe common shares of Horizon North a...