LATEST FIRM TRANSACTION
July 28, 2015
Ten Peaks Coffee Company Inc. (TSX:TPK) (the “Company”) completed a bought deal short form prospectus offering (the “Offering”) of 2,000,000 common shares (the “Shares”) at a price of $8.80 per Share for gross proceeds of approximately $17.6 million. The Offering was completed through a syndicate of underwriters led by Cormark Securities Inc. and including CIBC World Markets Inc. and PI Financial Corp. (the “Underwriters”).
The Company has also granted the Underwriters an option to purchase up to an additional 300,000 Shares at a price of $8.80 per Share, exercisable within 30 days following the closing of the Offering for additional gross proceeds of approximately $2.6 million.
Wildeboer Dellelce LLP acted as counsel to the Underwriters in connection with the Offering with a team that included Charlie Malone, Julie Anderson, Danny Kharazmi and Davia Wang (corporate/securities) and Kevin Fritz (tax).