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.

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