TSX Symbol: WJX
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, June 12, 2015 /CNW/ - Wajax Corporation ("Wajax" or the "Corporation") today announced that it has completed its previously announced public offering of 3,197,000 common shares of the Corporation ("Common Shares") at a price of C$23.40 per Common Share, for aggregate gross proceeds of approximately C$74.8 million (the "Offering"), including the exercise in full of the over-allotment option. The Offering was completed on a bought deal basis with a syndicate of underwriters led by BMO Capital Markets and Scotiabank.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Wajax is a leading Canadian distributor engaged in the sale, rental and after-sale parts and service support of equipment, power systems and industrial components, through a network of 123 branches across Canada. The Corporation is a multi-line distributor and represents a number of leading worldwide manufacturers across its core businesses. Its customer base is diversified, spanning natural resources, construction, transportation, manufacturing, industrial processing and utilities.
SOURCE Wajax Corporation