CanWel Building Materials Completes $86.25 Million Bought Deal Public Offering

May 11, 2021

CanWel Building Materials Group Ltd. (TSX: CWX) completed a bought deal short form prospectus offering of 8,625,000 common shares (“Shares”) at a price of $10.00 per Share for gross proceeds of $86.25 million (the “Offering”).

The Offering was completed by a syndicate of underwriters co-led by Stifel GMP and National Bank Financial Inc. and included CIBC World Markets Inc., Raymond James Ltd., RBC Dominion Securities Inc., Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that included Jeff Hergott, Joel Fraser, Niall Sweeney and Nickolas Robelek (corporate/securities) and Marija Tasevska (tax).