Skylight Health To Raise $12 Million Via Bought Deal Financing
Skylight Health Group (CSE: SHG) has announced a bought deal private placement as of this morning, with the offering being lead by Echelon Capital Markets. The company intends gross proceeds of $12.0 million through the offering.
The offering is to take place at a price of $1.00 per common share, with no warrant being included in the offering. A standard over-allotment option of 15% has also been granted, which is valid for a period of 30 days following the closing of the offering.
Proceeds from the bought deal financing are to be put towards strategic M&A activities as well as general corporate purposes.
The offering is expected to close on or before December 30, 2020.
Skylight Health Group last traded at $1.12 on the CSE.
Information for this briefing was found via Sedar and Skylight Health Group. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.