Tidewater Midstream and Infrastructure Ltd. (TSX-V: TWM) has closed its previously announced bought deal financing of 44,231,300 common shares at $1.56 per share for gross proceeds of $69,000,828, which included the exercise in full of the over-allotment option granted to the underwriters.
The syndicate of underwriters was co-led by CIBC World Markets Inc., National Bank Financial Inc. and Macquarie Capital Markets Canada Ltd., and included Cormark Securities Inc., Beacon Securities Limited, Acumen Capital Finance Partners Limited, Scotia Capital Inc., GMP FirstEnergy, AltaCorp Capital Inc., Paradigm Capital Inc., Desjardins Securities Inc., Canaccord Genuity Corp. and Industrial Alliance Securities Inc.
DLA Piper (Canada) LLP and Burnet, Duckworth & Palmer LLP acted as legal counsel to Tidewater and the underwriters respectively.
photo credit: Tidewater