Clearwater Seafoods announced it entered into an agreement with a group of investors to raise CAD 30 million (USD 27.6 million, EUR 20.2 million) through a bought deal for growth opportunities and working capital.
Co-leading investors by Cormark Securities and Beacon Securities have agreed to purchase 3,530,000 shares from the treasury of the company at CAD 8.50 (USD 7.82, EUR 5.73) per share and offer them to the public by way of short form prospectus.
In addition, Clearwater granted the underwriters an option to purchase up to an additional 529,500 shares from the treasury of the company at the same price exercisable up to 30 days following closing.
The deal is expected to close around 4 February and is subject to regulatory approval.
