representative work

VersaPay Completes $9.2 Million Bought Deal Financing

10/18/2018

On October 18, 2018, VersaPay Corporation closed a short form prospectus offering of 5,257,800 common shares at a price of $1.75 per common share, which included 685,800 common shares issued pursuant to the exercise of the over-allotment option in full, for aggregate gross proceeds of approximately $9.2 million.

The offering was underwritten by Raymond James Ltd., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Haywood Securities Inc. and PI Financial Corp.

Cassels acted for VersaPay with a deal team that included Jake Bullen, Alex Pizale, Randall Blom and Conrad Lee (Business) and Jim Morand (Tax).