Western Financial Group Inc. today announce that it has closed its offering of 6.6 million common shares for gross proceeds of $23.1 million.
The offering was completed through a syndicate of underwriters co-led by Desjardins Securities Inc. and Jennings Capital Inc., and including CIBC World Markets Inc., TD Securities Inc. and Acumen Capital Finance Partners Ltd.
Net proceeds from the offering will be used to fund future acquisitions and for general corporate purposes.
The roughly $5-billion deal is set to close Feb. 3
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