First Capital Realty completes equity offering
On February 3, 2015, First Capital Realty Inc. (First Capital Realty) closed its previously announced bought deal public offering of 3,800,000 common shares at a price of C$19.80 per share to a syndicate of underwriters co-led by TD Securities Inc. and CIBC for gross proceeds of approximately C$75 million.
Pursuant to an underwriting agreement dated January 23, 2015, First Capital Realty issued an additional 570,000 common shares on February 5, 2015, as part of the over-allotment option granted to the syndicate of underwriters, at a price of C$19.80 per common share for total gross proceeds of approximately C$11.3 million. The exercise in full of the over-allotment option increased the total gross proceeds of the public offering to approximately C$86.5 million.
First Capital Realty is Canada's leading owner, developer and manager of well located, high quality urban retail-centered properties where people live and shop for everyday life.
Further information can be found on Canada Newswire's website and theglobeandmail.com.