CanWel Building Materials’ $86.25 Million Bought Deal Public Offering

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering.

CanWel Building Materials Group Ltd. (TSX: CWX) completed a bought deal short form prospectus offering of 8,625,000 common shares at a price of $10.00 per Share for gross proceeds of $86.25 million. 

The Offering was completed by a syndicate of underwriters co-led by Stifel GMP and National Bank Financial Inc. and included CIBC World Markets Inc., Raymond James Ltd., RBC Dominion Securities Inc., Canaccord Genuity Corp. and Haywood Securities Inc.(collectively, the “Underwriters”).

CanWel distributes a wide range of building materials, lumber, and renovation products, and is Canada’s only fully vertically integrated national distributor in the building materials and related products sector.

The Wildeboer Dellelce team included Jeff Hergott (Picture), Joel Fraser, Niall Sweeney and Nickolas Robelek (corporate/securities) and Marija Tasevska (tax).

Involved fees earner: Joel Fraser – Wildeboer Dellelce LLP; Jeff Hergott – Wildeboer Dellelce LLP; Niall Sweeney – Wildeboer Dellelce LLP; Marija Tasevska – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Canaccord Genuity; CIBC World Markets; Haywood Securities Inc.; National Bank Financial Inc.; Raymond James Ltd. ; RBC Dominion Securities Inc.; Stifel GMP;

Author: Martina Bellini