Enterprise Group, Inc. completes C$27.6 million bought deal offering

Date Closed: 3/25/2014

Value: C$27.6 million

Enterprise Group, Inc. closed its previously announced bought deal equity financing of 27,600,000 common shares of the Company, which includes 3,600,000 Common Shares issued pursuant to the exercise in full of the over-allotment option, at a price of $1.00 per Common Share for aggregate gross proceeds of $27. 6 million. The Financing was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and GMP Securities L.P. and included Jennings Capital Inc., PI Financial Corp. and Salman Partners Inc.

The net proceeds from the Financing will be used to accelerate the Company’s capital expenditure program, as well as for general working capital purposes.

BLG’s deal team included Lloyd McLellan, Jon Poirier and Peter Newman.