Naturally Advanced Technologies Inc. completes C$10 million bought deal offering of convertible secured debentures

Closing Date: 9/20/2012

Value: C$10 million 

On September 20, 2012, Naturally Advanced Technologies Inc. (NAT) completed its bought deal offering of 10 per cent convertible secured debentures for aggregate gross proceeds of $10 million. The debentures will mature on September 30, 2017, and are convertible into common shares of NAT at the option of the holder at a conversion price, subject to certain adjustments, of $2.90 per common share, at any time prior to redemption or maturity. Cormark Securities Inc. was the sole underwriter and bookrunner.

Cormark Securities Inc. was represented by BLG with a team consisting of Philippe Tardif, Dolores Di Felice, Habeeb Syed and Jeffrey Spiegel.