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Enterprise Group Announces $20 Million Bought Deal Public Offering

Newswire.ca - Tue Nov 26, 2024

/Not for distribution to U.S. news wire services or dissemination in the United States/

ST. ALBERT, AB, Nov. 26, 2024 /CNW/ - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise Group"), a consolidator of services to the energy sector that is focused primarily on specialized equipment rental, announced today that it has entered into an agreement with Canaccord Genuity Corp. and Raymond James Ltd. (the "Co-Lead Underwriters") as co-lead underwriters on behalf of a syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 10,527,000 common shares at a purchase price of C$1.90 per common share for aggregate gross proceeds of approximately C$20.0 million (the "Offering").

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