Espial Group Inc. Closes $10 Million Bought Deal Financing

June 24, 2014

Espial Group Inc. (TSX: ESP) (“Espial” or the “Company”) announced today that it has closed its previously-announced short form prospectus offering, on a bought deal basis, of 3,508,800 common shares (the “Common Shares”) for aggregate gross proceeds to Espial of $10,000,080 (the “Offering”).  The Offering was completed at a price of $2.85 per Common Share (the “Offering Price”) by a syndicate of underwriters led by GMP Securities L.P. and including Beacon Securities Limited, Clarus Securities Inc., Euro Pacific Canada Inc. and Global Maxfin Capital Inc.

LaBarge Weinstein acted as counsel to Espial with a team that included Randy Taylor and Brigitte LeBlanc-Lapointe.

Read the complete press release.

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