Source: Diversified Royalty Corp.
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  • Diversified Royalty Corp. (DIV) has closed its bought deal public offering for gross proceeds of approximately $46.0 million
  • The company issued 16,428,900 common shares at a price of $2.80 per share
  • Diversified Royalty Corp. is engaged in acquiring royalties from multi-location businesses and franchisors in North America
  • Diversified Royalty Corp. (DIV) closed trading up  0.69 per cent on the day, trading at C$2.93 per share

Diversified Royalty Corp. (DIV) has closed its previously announced bought deal public offering for gross proceeds of $46.0 million.

The company issued 16,428,900 common shares at a price of $2.80 per share.

The offering was conducted by a syndicate of underwriters led by Cormark Securities Inc., which included CIBC World Markets Inc., Canaccord Genuity Corp., PI Financial Corporation, BMO Nesbitt Burns Inc., iA Private Wealth Inc. and Scotia Capital Inc.

DIV is a multi-royalty corporation engaged in acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America.

Diversified Royalty Corp. (DIV) closed trading up  0.69 per cent on the day, trading at C$2.93 per share.


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