- Anaergia (ANRG) has closed its bought deal offering for gross proceeds of approximately $60 million
- The company issued a total of 4,800,000 subordinate voting shares at a price of $12.50 per share
- Net proceeds will be used to fund the development and construction of build-own-operate assets in the company’s revenue backlog and development pipeline
- Anaergia was created to eliminate a major source of greenhouse gases by turning organic waste into renewable natural gas (RNG), fertilizer and water
- Anaergia Inc. (ANRG) is down 5.73 per cent, trading at C$11.69 per share at 12:45 pm ET
Anaergia (ANRG) has closed its bought deal offering for gross proceeds of approximately $60 million.
The company issued a total of 4,800,000 subordinate voting shares at a price of $12.50 per share.
The offering was led by TD Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., Roth Canada, Inc., Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and Raymond James Ltd.
The company has granted the underwriters an over-allotment option to purchase up to an additional 720,000 shares exercisable for a period of 30 days following the closing of the offering.
Net proceeds will be used to fund the development and construction of build-own-operate assets in the company’s revenue backlog and development pipeline and for general corporate purposes.
Anaergia was created to eliminate a major source of greenhouse gases by turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies.
Anaergia Inc. (ANRG) is down 5.73 per cent, trading at C$11.69 per share at 12:45 pm ET.