By Devika Patel
Knoxville, Tenn., June 8 - Cyberplex Inc. said it completed a C$33.37 million oversubscribed bought-deal private placement of subscription receipts. The deal includes a C$3.12 million greenshoe.
The company sold 60,678,428 receipts at C$0.55 each. Of the receipts, 9,994,075 were part of the partially exercised greenshoe.
The syndicate of underwriters was led by GMP Securities LP and included Paradigm Capital Inc., M Partners Inc. and Scotia Capital Inc.
Each receipt will be automatically converted into one common share.
Proceeds were used to fund the acquisition of online media publisher, Tsavo Media, in a transaction valued at $75 million. The acquisition also settled Tuesday.
Cyberplex is a Toronto-based technology consulting firm.
| Issuer: | Cyberplex Inc.
|
| Issue: | Subscription receipts
|
| Amount: | C$33,373,135 (including C$3.12 million greenshoe)
|
| Receipts: | 60,678,428
|
| Price: | C$0.55
|
| Warrants: | No
|
| Underwriter: | GMP Securities LP (lead), Paradigm Capital Inc., M Partners Inc. and Scotia Capital Inc.
|
| Settlement date: | June 8
|
| Stock symbol: | Toronto: CX
|
| Stock price: | C$0.54 at close June 8
|
| Market capitalization: | C$37 million
|
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