Zedcor Inc.: Successful Closing of Upsized Bought Deal Public Offering
Calgary, Alberta – Zedcor Inc. (TSXV: ZDC) is thrilled to share the news of the successful closing of its previously announced upsized bought deal public offering (the “Offering”). This significant milestone comes after the Company entered into an agreement with Beacon Securities Limited, acting as lead underwriter and sole bookrunner, along with a syndicate of underwriters, including Cormark Securities Inc. and Raymond James Ltd.
Details of the Offering
The Offering, which was originally announced on January 24, 2025, was upsized from the initial proposed size of CAD $5 million to CAD $6.5 million. A total of 6,250,000 common shares were issued at a price of CAD $1.05 per share. The net proceeds from the Offering will be used to fund the Company’s ongoing business development activities and for general corporate purposes.
Impact on Zedcor
This offering represents a significant step forward for Zedcor as it continues to execute its growth strategy. With the additional capital, the Company will be able to accelerate its initiatives and capitalize on new opportunities. The funds will also strengthen Zedcor’s balance sheet, providing it with increased financial flexibility.
Impact on the World
Beyond the direct impact on Zedcor, this offering is also a positive sign for the Canadian venture capital market. The successful upsizing of the offering demonstrates investor confidence in the Company and the broader market. It also underscores the growing interest in the sector, as more and more investors recognize the potential for innovation and growth in Canadian businesses.
Conclusion
Zedcor’s successful closing of its upsized bought deal public offering is a testament to the Company’s strong business fundamentals and the confidence investors have in its growth strategy. The additional capital will enable Zedcor to further its initiatives and capitalize on new opportunities. Furthermore, this offering serves as a positive indicator for the Canadian venture capital market, highlighting the growing investor interest in the sector.
- Zedcor Inc. has successfully closed its upsized bought deal public offering.
- The Offering was upsized from CAD $5 million to CAD $6.5 million.
- Beacon Securities Limited acted as lead underwriter and sole bookrunner, with a syndicate of underwriters including Cormark Securities Inc. and Raymond James Ltd.
- The net proceeds from the Offering will be used for business development activities and general corporate purposes.
- This offering represents a significant step forward for Zedcor and a positive sign for the Canadian venture capital market.
