Date closed: 4/23/2105 

Value: C$5.1 million

On April 23, 2015, Symbility Solutions Inc. (the Company) completed a bought deal financing by way of short form prospectus of 15,341,000 common shares of the Company at a price of $0.33 per common share, for gross proceeds of $5.1 million, including exercise of the over-allotment option.

The offering was made through a syndicate of underwriters led by Cormark Securities Inc., and included Beacon Securities Limited, Salman Partners Inc. and Paradigm Capital Inc.

Symbility, headquartered in Toronto, Ontario, is provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries.

BLG represented the underwriters with a team led by Philippe Tardif that included Linda Tu and Colin Cameron-Vendrig and Daniel Lang.