Clearwater Seafoods Incorporated is planning to raise CAD 30 million (€20.2 million/$27.6 million) through a bought deal for growth opportunities and general working capital.
Clearwater has entered into an agreement with a syndicate of investment dealers co-led by Cormark Securities Inc. and Beacon Securities Limited under which the underwriters have agreed to purchase 3,530,000 common shares from the company at a price of CAD 8.50 (€5.70/$7.80) per share and offer them to the public by way of short form prospectus.
A bought deal is where an investment bank commits to buy the entire offering from the client company.
It
