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Dye & Durham Announces Closing of Approximately $145 Million Bought Deal Including Full Exercise of Over-Allotment Option

Newswire.ca - Tue Feb 6, 8:05AM CST

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Feb. 6, 2024 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND) announced today the closing of its previously announced bought deal offering (the "Offering") of common shares of the Company (the "Common Shares"). Pursuant to the Offering, the Company issued a total of 11,960,000 Common Shares at a price of $12.10 per Common Share for gross proceeds to the Company of approximately $145 million, which includes the exercise, in full, by the Underwriters (as defined below) of the over-allotment option granted by the Company to purchase up to an additional 1,560,000 Common Shares at a price of $12.10 per Common Share.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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