AutoCanada Inc. completes $75M public offering of common shares

On December 14, 2015, AutoCanada Inc. (AutoCanada or the Company) closed its previously announced public offering of common shares. The Company issued 2,950,000 common shares at a price of $25.50 per share for gross proceeds of $75 million.

The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and Scotiabank and included CIBC World Markets, Clarus Securities, Canaccord Genuity, Cormark Securities, HSBC Securities (Canada), AltaCorp Capital, GMP Securities and National Bank Financial.

Borden Ladner Gervais LLP represented Autocanada with a team led by Bruce Lawrence that included Lloyd McLellan and Peter Newman.

McCarthy Tétrault LLP acted as counsel to the underwriters with a team led by Robin Mahood that included Maureen Gillis, Vernon Miranda and Jerry Nguyen.