October 20, 2009
The Descartes Systems Group Inc. (TSX:DSG, NASDAQ:DSGX) completed a bought deal prospectus offering of 6,838,000 common shares for gross proceeds of $40,002,300. An additional $6,000,345 was raised through the purchase by the underwriters of 1,025,700 common shares pursuant to the exercise in full of an over-allotment option granted to the underwriters in respect of the offering. The common shares purchased pursuant to the over-allotment option consisted of a new issue of 332,404 common shares and a secondary offering of 693,296 previously issued common shares from certain officers and directors of the Company. The offering was underwritten by a syndicate of underwriters co-led by GMP Securities L.P. and CIBC World Markets Inc., and including Thomas Weisel Partners Canada Inc., Versant Partners Inc. and Paradigm Capital Inc.
Wildeboer Dellelce LLP represented the underwriters with a team that included Derek Sigel, Sanjeev Patel and Darryl Holyday (corporate/securities) and Kevin Fritz (tax).