Sylogist Ltd. completes C$27.5 million bought deal financing

Date Closed: 9/24/2014

Value: C$27.5 million

On September 24, 2014, Sylogist Ltd (Sylogist or the Company) closed its bought deal private placement of 2,500,000 common shares of the Company (Common Shares) at a price of $11.00 per Common Share for total gross proceeds of C$27,500,000 (the Offering).

Sylogist intends to use the proceeds from the Offering to increase working capital to allow for business expansion through organic growth initiatives and strategic acquisitions. The Common Shares issued under the Offering are subject to a four month hold period from the date of the closing of the Offering.

Sylogist, headquartered in Calgary, Alberta, is a technology innovation company.

BLG represented Sylogist with a team led by Steven Pearson that included Jonathan Poirier and Jenna Kaye.