Clearwater Seafoods on Tuesday announced it completed the issuance of 3.53 million common shares on a bought deal basis.
The shares were offered a price of CAD 8.50 (USD 7.68, EUR 5.69) per share, for gross proceeds to the company of about CAD 30 million (USD 27.1 million, EUR 20.1 million).
The syndicate of investment dealers was co-led by Cormark Securities and Beacon Securities, which also bough an additional 499,400 common shares, upping the gross proceeds to Clearwater to about CAD 34 million (USD 30.7 million, EUR 22.8 million).
The company said the proceeds will be used for growth opportunities and general working capital.
