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Diversified Royalty Corp. Announces Closing of $57.5 Million Bought Deal Public Offering of Common Shares with Full Exercise of Over-Allotment Option
Not for distribution to U.S. newswire services or for dissemination in the United States VANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV, DIV.DB.A and DIV.DB.B) (the “Corporation” or “DIV”) is pleased to announce that it has closed its previously announced bought deal public offering of 12,339,500 common shares from treasury of the Corporation, including 1,609,500 common shares issued pursuant to the full exercise of the over-allotment option, a
About this update from Diversified Royalty Corp.
Not for distribution to U.S. newswire services or for dissemination in the United States VANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV, DIV.DB.A and DIV.DB.B) (the "Corporation" or "DIV") is pleased to announce that it has closed its previously announced bought deal public offering of 12,339,500 common shares from treasury of the Corporation, including 1,609,500 common shares issued pursuant to the full exercise of the over-allotment option, at a price of $4.66 per common share (the "Offering Price") for total gross proceeds of approximately $57.5 million (the "Offering"). The Offering is fully described in the Corporation's prospectus supplement dated June 29, 2026 (the "Prospectus Supplement") to the Corporation's short form base shelf prospectus dated July 22, 2025, copies of each of which are available under DIV's profile on SEDAR+ at www.sedarplus.ca. The Offering was conducted by a syndicate of underwriters led by CIBC Capital Markets and ATB Cormark Capital Markets, as joint bookrunners (the "Joint Bookrunners"), along with Raymond James and Scotiabank as co-lead underwriters with the Joint Bookrunners and also included Canaccord Genuity Corp., Desjardins Capital Markets, BMO Capital Markets, National Bank of Canada Capital Markets, RBC Capital Markets, and iA Private Wealth. As described in the Prospectus Supplement, DIV intends to use the net proceeds of the Offering to fully repay the outstanding amounts under DIV's acquisition facility drawn in connection with DIV's recent acquisition of the Mr. Lube + Tires franchisor business, and for working capital and general corporate purposes. 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 the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or compliance with an applicable exemption ...
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