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Pollard Banknote Limited Announces $30.0 Million Bought Deal Financing
Pollard Banknote Limited Announces $30.0 Million Bought Deal Financing Canada N...
About this update from Pollard Banknote Limited
[{"type":"text","content":"\n \n \n \n Pollard Banknote Limited Announces $30.0 Million Bought Deal Financing\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Feb. 9, 2021\n \n /CNW/ -\n \n Pollard Banknote Limited\n \n (TSX: PBL) (\"Pollard Banknote\" or the \"Company\"), a leading lottery partner that provides instant tickets, iLottery solutions, charitable gaming products, and a complete array of offerings to the lottery and charitable gaming markets, is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Acumen Capital Finance Partners Limited (together, the \"Underwriters\") to purchase on a bought deal basis 812,000\n \n \n common shares of Pollard Banknote  (\"Common Shares\") at a price of\n \n $36.95\n \n per Common Share (the \"Offering Price\") for gross proceeds to the Company of approximately\n \n $30.0 million\n \n (the \"Offering\").\n \n \n \n \n \n \n \n \n \n The Company has granted the Underwriters an over-allotment option exercisable at any time up to 30 days following the closing of the Offering, to purchase up to an additional 121,800 Common Shares at a price per Common Share equal to the Offering Price. In the event that the over-allotment option is exercised in full, the gross proceeds of the Offering will be approximately\n \n $34\n \n .5 million.\n \n \n The Company expects to use the net proceeds from the Offering to repay indebtedness under the Company's credit facility incurred in the recent acquisitions of Compliant Gaming LLC and Next Generation Lotteries AS.\n \n \n The Common Shares will be offered by way of a short form prospectus to be filed with the securities commissions and other similar regulatory authorities in each of the provinces and territories of\n \n Canada\n \n pursuant to National Instrument 44-101\n \n Short Form Pros...