On January 20, 2021, The Limestone Boat Company Inc. closed a private placement comprised of a brokered offering of 285,050 subscription receipts at a price of $8.00 per subscription receipt, a non-brokered offering of 3,100 subscription receipts at a price of $8.00 per subscription receipt and a non-brokered offering of 115,625 founder common shares at a price of $8.00 per founder common share for aggregate gross proceeds of approximately $3.2 million.
The brokered offering was completed by Beacon Securities Limited as sole agent.
Cassels acted for Beacon Securities.