Vikram Dhir and James Speakman of Clark Wilson’s Corporate Finance & Securities Group acted for Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) in closing its public offering of 16,445,000 trust units, on a bought deal basis, at a price of $4.55 per trust unit for total gross proceeds of $74,824,750. See PIRET’s news release dated January 28, 2014 for more information.
Related Content
Caring for aging parents, and why those promises should be in writing
Planning for the care of elderly parents among family members often comes with promises. Some of these promises involve one sibling giving up part of ... Continued
Ontario Court Confirms Binding Nature of Bought Deal Engagement Letters
The Ontario Superior Court of Justice (Commercial List) recently confirmed the binding nature of bought deal engagement letters when it awarded a judgment of $16,042,669 plus interest and costs in favour of Stetson Oil & Gas Ltd. (TSXV: SSN), a junior oil and gas exploration company, and against Thomas Weisel Partners Canada Inc. (now Stifel Nicolaus Canada Inc.) (“Weisel”), an investment bank and a securities dealer, for Weisel’s failure to close a bought deal private placement pursuant to an engagement letter with Stetson.
Toronto Stock Exchange issues Guidance on Director Elections
On July 10, 2013, the Toronto Stock Exchange issued guidance with respect to the director election requirements in sections 461.4 and 461.4 of the TSX ... Continued