Zedcor Inc. Announces Public Offering to Expand Market Reach and Raise $22 Million

Zedcor Inc. has filed a final short form prospectus for a public offering of common shares, aiming to raise $22,009,500 through a 'bought deal' arrangement. The offering is expected to close by February 5, 2025, pending approvals, with shares conditionally approved for listing on the TSX Venture Exchange. The underwriters have an option to purchase additional shares for over-allotments and stabilization.

Zedcor Inc. (TSXV: ZDC), a Calgary-based company, recently filed a final short-form prospectus for a public offering of common shares, aiming to raise $22 million through a "bought deal" arrangement [1]. The offering is expected to close by February 5, 2025, pending regulatory approvals, and the shares are conditionally approved for listing on the TSX Venture Exchange [1].

Under the terms of the agreement, Beacon Securities Limited, on behalf of a syndicate of underwriters, has committed to purchasing an aggregate of 6,570,000 common shares at a price of $3.35 per share [1]. The underwriters also have an option to purchase an additional 985,500 shares for over-allotments and stabilization purposes [1].

The proceeds from the offering will be used to fund the company's growth initiatives and general corporate purposes [1]. The closing of the offering is subject to certain conditions, including the receipt of all necessary approvals [1].

This announcement marks an exciting development for Zedcor Inc., as it continues to execute its business strategy and pursue new opportunities. The company's strong financial position, coupled with the support of experienced underwriters, positions it well for success in the future.

References:
[1] Zedcor Inc. Files Final Short-Form Prospectus for $22 Million Public Offering. (2025, January 29). Retrieved from https://www.newsfilecorp.com/release/238910/Zedcor-Inc.-Files-Final-Short-Form-Prospectus