Total
0
Shares
Shares in goeasy (TSX:GSY) jump 14pc on strong Q2 results
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • goeasy Limited (GSY) has entered into an agreement to increase the size of its previously announced bought deal equity offering
  • Gross proceeds from the increased offering will be approximately C$150 million
  • Proceeds will be used to finance a portion of the acquisition of LendCare Holdings Inc. 
  • The offering is expected to close on or about April 16, 2021
  • goeasy Ltd., a Canadian company, provides non-prime leasing and lending services through its easyhome and easyfinancial divisions
  • goeasy Limited (GSY) opened trading at $128.00 per share

goeasy (GSY) has agreed with a syndicate of underwriters led by BMO Capital Markets to increase the size of its bought deal equity offering.

Gross proceeds from the increased offering will be approximately C$150 million, representing 1,221,100 subscription receipts at $122.85.

Proceeds will be used to finance a portion of the previously announced acquisition of LendCare Holdings Inc. 

goeasy has also granted the underwriters the option to purchase up to an additional 183,165 subscription receipts exercisable at any time, in whole or in part, up to either 30 days after the closing of the offering or the termination of the acquisition.

If the closing of the acquisition occurs on or prior to the closing of the overallotment option, the company will provide common shares, instead of subscription receipts, to investors on the closing of the overallotment option.

The offering is expected to close on or about April 16, 2021, and is subject to certain conditions including the approval of the Toronto Stock Exchange.

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

goeasy Limited (GSY) opened trading at $128.00 per share.

More From The Market Herald
Fairfax Financial - Chairman, Prem Watsa. - The Market Herald Canada

" Fairfax India (TSX:FIH.U) to take controlling interest in Maxop Engineering

Fairfax India (FIH.U) has announced up to a US$66 million investment in Maxop Engineering.
Timbercreek Financial (TSXV:TF) recognized for best-in-class gender diversity

" The Becker Milk Company (TSX:BEK.B) announces quarterly financial results and regular dividend

The Becker Milk Company Ltd. (BEK.B) reported $728,422 in total revenue for the first quarter of fiscal year 2022.
The Sprott Physical Uranium Trust (TSX:U.UN) files amended and restated base shelf prospectus

" The Sprott Physical Uranium Trust (TSX:U.UN) files amended and restated base shelf prospectus

The Sprott Physical Uranium Trust (U.UN) has filed an amended and restated base shelf prospectus.
Victory Square Technologies - CEO, Shafin Diamond Tejani - The Market Herald Canada

" Victory Square (CSE:VST) portfolio company, Immersive Tech starts trading on the CSE

Victory Square Technologies (VST) portfolio company, Immersive Tech (VRAR) commences trading on the CSE.