Skip to main content

AGI closes public offering

Published by , Editor
Dry Bulk,

Ag Growth International Inc. has closed its previously announced public offering of 1 874 500 common shares at a price of US$61.50 per common share for gross proceeds of approximately US$115 million, which includes the exercise in full of the over-allotment option granted to the underwriters (as hereinafter defined) for additional gross proceeds of approximately US$15 million.

A syndicate book run by CIBC Capital Markets and National Bank Financial Inc. and including TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., Raymond James Ltd., HSBC Securities (Canada) Inc., Cormark Securities Inc. and Laurentian Bank Securities Inc. (collectively, the underwriters) acted as underwriters for the offering. The common shares are listed for trading on the Toronto Stock Exchange under the symbol ‘AFN’.

AGI intends to use the net proceeds of the offering to partially repay outstanding indebtedness under its credit facilities, to pursue potential acquisition opportunities and for working capital and general corporate purposes.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Minor bulks news Dry cargo news