Espial Group Inc. Closes $35 Million Bought Deal Financing

May 8, 2015

Espial Group Inc. (TSX: ESP) announced earlier this week that it has closed its previously-announced short form prospectus offering, on a bought deal basis, of 8,750,000 common shares for aggregate gross proceeds to Espial of $35,000,000. The offering was completed at a price of $4.00 per Common Share by a syndicate of underwriters led by GMP Securities L.P. and Beacon Securities Limited and including Mackie Research Capital Corporation, Haywood Securities Inc. and PI Financial Corp. 

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

Read the complete press release.

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