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Shares in goeasy (TSX:GSY) jump 14pc on strong Q2 results
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  • goeasy Ltd. (GSY) has closed its bought deal equity offering of 1,404,265 subscription receipts
  • 183,165 subscription receipts were issued to the syndicate of underwriters led by BMO Capital Markets, including the over-allotment option at C$122.85 per receipt
  • Gross aggregate proceeds from the offering totalled $172.5 million
  • Proceeds will be used to finance a portion of the purchase price for its acquisition of LendCare Holdings Inc
  • goeasy Ltd. is a Canadian company that provides non-prime leasing and lending services through its easyhome and easyfinancial divisions
  • goeasy Ltd. (GSY) is down 4.33 per cent, trading at $131.50 per share at 9:50 am ET

goeasy Ltd. (GSY) has closed its bought deal equity offering of 1,404,265 subscription receipts.

183,165 subscription receipts were issued to the syndicate of underwriters led by BMO Capital Markets, including the over-allotment option at C$122.85 per receipt, for gross aggregate proceeds of $172.5 million.

The subscription receipts will commence trading on the Toronto Stock Exchange today under the ticker symbol GSY.R.

Proceeds will be used to finance a portion of the purchase price for its acquisition of LendCare Holdings Inc.

If the acquisition is not completed by December 1, 2021, or if the acquisition is terminated at an earlier time, the gross proceeds of the offering will be paid to holders of the subscription receipts, and the receipts will be cancelled.

The acquisition is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals.

goeasy Ltd. is a Canadian company that provides non-prime leasing and lending services through its easyhome and easyfinancial divisions.

goeasy Ltd. (GSY) is down 4.33 per cent, trading at $131.50 per share at 9:50 am ET.

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