November 02, 2007
On November 2, 2007, Automodular Corporation (TSX:AM), a supplier of sub-assembly, sequencing, transportation and logistics services for the automobile industry, completed a bought deal prospectus offering of 3,900,000 common shares for total gross proceeds of $7,800,000 (inclusive of the allotment option which was exercised by the underwriters in full on closing). In addition, the Scotia Merchant Capital Corporation sold 3,000,000 common shares pursuant to the offering for total gross proceeds of $6,000,000. The underwriting syndicate for the offering was led by GMP Securities L.P. and included Canaccord Capital Corporation.
Wildeboer Dellelce LLP represented the underwriters with a team that included Troy Pocaluyko, James Brown, Shabir Amlani and Darryl Holyday (corporate/securities) and Kevin Fritz (tax).