Skip to main content

Shawcor files final prospectus and discusses over-allotment option

Published by
World Pipelines,

Shawcor Ltd. has announced that is has filed its final prospectus with the securities regulatory authorities in each of the provinces of Canada (except Québec) in regards to the issuance of 4 575 000 common shares of Shawcor on a bought deal basis at a price of CAN$32.80 per common share (the offering) through a syndicate of underwriters (the underwriters) led by TD Securities Inc.

In addition, Shawcor announces that the underwriters have provided the company with notice of the exercise by the underwriters of their over-allotment option to purchase 686 250 additional common shares of the company at a price of US$32.80 per common share (the over-allotment option), in accordance with the terms of the underwriting agreement dated 9 December 2016 between the company and the underwriters.

With the over-allotment option being exercised in full, gross proceeds from the offering will be approximately CAN$173 million.

The offering and the over-allotment option are expected to close on or about 23 December 2016.

Read the article online at:

You might also like


Embed article link: (copy the HTML code below):