- Diversified Royalty Corp. has increased its bought-deal offering of common shares for total gross proceeds of approximately $40,000,800
- The underwriters have agreed to purchase 14,286,000 common shares for $2.80 per share
- The underwriters have been given the option to purchase up to an additional 2,142,900 common shares for additional gross proceeds of up to approximately $6,000,120
- The offering is expected to close on or about November 23, 2022
- Diversified Royalty is a multi-royalty company focused on acquiring royalties from multi-location businesses and franchisors in North America
- Diversified Royalty Corp. (DIV) is down 8.12 per cent on the day, trading at C$2.83 per share at 1:30 pm ET
Diversified Royalty Corp. (DIV) has increased its bought-deal offering of common shares for total gross proceeds of approximately $40,000,800.
The underwriters have agreed to purchase 14,286,000 common shares for $2.80 per share. They also have the option to purchase up to an additional 2,142,900 common shares for additional gross proceeds of up to approximately $6,000,120.
The offering is expected to close on or about November 23, 2022.
Diversified Royalty is a multi-royalty company focused on acquiring royalties from multi-location businesses and franchisors in North America.
Diversified Royalty Corp. (DIV) is down 8.12 per cent on the day, trading at C$2.83 per share at 1:30 pm ET.