TerraVest Industries Inc. Announces Closing of Upsized Bought Deal Offering of Common Shares and Concurrent Closing of the Over-Allotment Option

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TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- TerraVest Industries Inc. (TSX:TVK) (“TerraVest” or the “Company”) is pleased to announce that it has closed its previously announced upsized bought deal treasury offering (the “Offering”) and concurrent closing of the exercise in full of the over-allotment option granted to a syndicate of underwriters co-led by National Bank Financial Inc., Canaccord Genuity Corporation, and Desjardins Capital Markets (the “Underwriters”). Pursuant to the Offering, the Company issued an aggregate 1,300,000 common shares (the “Shares”) at a price of $74.25 per Share (the “Offer Price”) for gross proceeds of $96,525,000. The gross proceeds include 166,000 Shares issued at the same Offer Price for gross proceeds of $12,325,500 on the exercise in full of the over-allotment option granted to the Underwriters.

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