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GURU Organic Energy Announces $52.6 Million Bought Deal Public Offering and Approximately $32 Million Concurrent Private Placement
GURU Organic Energy Announces $52.6 Million Bought Deal Public Offering and Approximately...
About this update from Guru Organic Energy Corp
[{"type":"text","content":"\n \n \n \n GURU Organic Energy Announces $52.6 Million Bought Deal Public Offering and Approximately $32 Million Concurrent Private Placement\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 \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n MONTREAL\n \n ,\n \n June 14, 2021\n \n /CNW/ - GURU Organic Energy Corp. (TSX: GURU) (\"\n \n GURU\n \n \" or the \"\n \n Company\n \n \") announced today that it has entered into an agreement with a syndicate of underwriters co-led by Stifel GMP and CIBC Capital Markets (together, the \"\n \n Co-Lead Underwriters\n \n \", and collectively with the syndicate of underwriters, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase from the Company 1,100,000 common shares of the Company (the \"\n \n Treasury Shares\n \n \"), and from Messrs.\n \n Joseph Zakher\n \n , Founder and Executive Chairman of the Company,\n \n Eric Graveline\n \n , Director of the Company, and\n \n Carl Goyette\n \n , President and Chief Executive Officer of the Company, or their respective holding companies (collectively the \"\n \n Selling Shareholders\n \n \"), an aggregate of 2,187,500 common shares of the Company (the \"\n \n Secondary Shares\n \n \", and collectively with the Treasury Shares, the \"\n \n Offered Shares\n \n \") for an aggregate of 3,287,500 Offered Shares at a price of\n \n $16.00\n \n per Offered Share (the \"\n \n Offering Price\n \n \") for gross proceeds of approximately\n \n $17\n \n .6  million to the Company and\n \n $35.0 million\n \n to the Selling Shareholders (the \"\n \n Offering\n \n \").  Including the Private Placement described below, the Company will receive gross proceeds of approximately $50 million.\n \n \n The Underwriters have also been granted an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable in whole or in part and from time to time, at any time until 30 days after the closing of the Offering, to purch...