Enterprise Group Announces Filing of Final Prospectus Final Short Form Prospectus Accessible Through SEDAR
Enterprise Group (TSX: E, OTCQB: ETOLF) has filed a final short form prospectus for its previously announced bought deal offering. The company is offering 13,157,900 common shares at $1.90 per share, aiming to raise approximately $25.0 million in gross proceeds.
The offering is being conducted through a syndicate of underwriters including Canaccord Genuity Corp., Raymond James , and Acumen Capital Finance Partners An over-allotment option has been granted to the underwriters, which if exercised in full, could increase the gross proceeds to $28.8 million. The offering is expected to close around December 12, 2024.
Enterprise Group (TSX: E, OTCQB: ETOLF) ha presentato un prospetto finale in forma abbreviata per l'offerta di acquisto precedentemente annunciata. L'azienda offre 13.157.900 azioni ordinarie a $1,90 per azione, con l'obiettivo di raccogliere circa $25,0 milioni in proventi lordi.
L'offerta è condotta attraverso un sindacato di sottoscrittori, tra cui Canaccord Genuity Corp., Raymond James e Acumen Capital Finance Partners. È stata concessa un'opzione di over-allotment ai sottoscrittori, che, se esercitata completamente, potrebbe aumentare i proventi lordi a $28,8 milioni. Si prevede che l'offerta si chiuda intorno al 12 dicembre 2024.
Enterprise Group (TSX: E, OTCQB: ETOLF) ha presentado un prospecto final en forma abreviada para su oferta de compra previamente anunciada. La empresa está ofreciendo 13,157,900 acciones comunes a $1.90 por acción, con el objetivo de recaudar aproximadamente $25.0 millones en ingresos brutos.
La oferta se realiza a través de un sindicato de suscriptores, incluidos Canaccord Genuity Corp., Raymond James y Acumen Capital Finance Partners. Se ha otorgado una opción de sobreasignación a los suscriptores, que, si se ejerce en su totalidad, podría aumentar los ingresos brutos a $28.8 millones. Se espera que la oferta se cierre alrededor del 12 de diciembre de 2024.
Enterprise Group (TSX: E, OTCQB: ETOLF)는 미리 발표된 매입 거래 제안을 위한 최종 간략형 증권신고서를 제출했습니다. 이 회사는 약 13,157,900주의 보통주를 주당 $1.90에 제공하여 약 $25.0백만의 총 수익을 모금할 계획입니다.
이 제안은 Canaccord Genuity Corp., Raymond James 및 Acumen Capital Finance Partners를 포함한 인수단을 통해 진행됩니다. 인수단에는 오버 할당 옵션이 부여되었으며, 전량 행사될 경우 총 수익이 $28.8백만으로 증가할 수 있습니다. 이 제안은 2024년 12월 12일 경에 마감될 것으로 예상됩니다.
Enterprise Group (TSX: E, OTCQB: ETOLF) a déposé un prospectus final sous forme abrégée pour son offre de rachat précédemment annoncée. L'entreprise propose 13 157 900 actions ordinaires à 1,90 $ par action, dans le but de lever environ 25,0 millions $ de produits bruts.
L'offre est réalisée par l'intermédiaire d'un syndicat de souscripteurs, y compris Canaccord Genuity Corp., Raymond James et Acumen Capital Finance Partners. Une option de surallocation a été accordée aux souscripteurs, qui, si elle est entièrement exercée, pourrait augmenter les produits bruts à 28,8 millions $. L'offre devrait se clôturer aux alentours du 12 décembre 2024.
Enterprise Group (TSX: E, OTCQB: ETOLF) hat ein finales Kurzprospekt für ihr zuvor angekündigtes Kaufangebot eingereicht. Das Unternehmen bietet 13.157.900 Stammaktien zu $1,90 pro Aktie an und zielt darauf ab, etwa $25,0 Millionen brutto zu erzielen.
Das Angebot wird durch ein Syndikat von Underwritern durchgeführt, darunter Canaccord Genuity Corp., Raymond James und Acumen Capital Finance Partners. Den Underwritern wurde eine Over-allotment-Option gewährt, die, wenn sie vollständig ausgeübt wird, die Bruttoeinnahmen auf $28,8 Millionen erhöhen könnte. Es wird erwartet, dass das Angebot etwa am 12. Dezember 2024 abgeschlossen wird.
- Successful arrangement of $25.0 million bought deal offering
- Potential additional proceeds of $3.8 million through over-allotment option
- Significant shareholder dilution due to new share issuance
St. Albert, Alberta--(Newsfile Corp. - December 6, 2024) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise Group"), a consolidator of services to the energy sector that is focused primarily on specialized equipment rental is pleased to announce that it has filed a final short form prospectus (the "Prospectus") in each of the provinces of Canada, other than Québec, with respect to the previously announced bought deal offering of 13,157,900 common shares of the Company ("Offered Shares") at a price of
Access to the Prospectus and any amendment thereto is provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment thereto. The Prospectus is accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus and any amendment thereto may be obtained, without charge, by contacting Canaccord Genuity Corp. by phone at 416-869-3052 or by e-mail at ecm@cgf.com by providing the contact with an email address or address, as applicable.
In connection with the Offering, the Company has also granted the Underwriters an over-allotment option (the "Over-Allotment Option"), exercisable for a period of 30 days from the date of the closing of the Offering, to purchase up to an additional
Closing of the Offering is expected to occur on or about December 12, 2024, or such other date as may be agreed upon by the Company and the Underwriters, subject to customary closing conditions.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in the U.S. Securities Act), absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Enterprise Group, Inc.
Enterprise Group, Inc is a consolidator of services including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada.
More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.ca.
For questions or additional information, please contact:
Leonard Jaroszuk, Chairman & CEO, or
Desmond O'Kell, President & Director
780-418-4400
contact@enterprisegrp.ca
Forward-Looking Information
Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements in this news release including, without limitation, statements relating to the Offering and anticipated timing for closing of the Offering. Actual future results may differ materially. The Prospectus and the Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR+ website www.sedarplus.ca) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232731
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