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15 November 2017

Farris represents Diversified Royalty Corp. in $57.5 million bought deal

November 15, 2017 – A Farris team represented Diversified Royalty Corp. in its bought deal offering of $57.5 million aggregate principal amount of unsecured subordinated convertible debentures, which included $7.5 million aggregate principal amount of convertible debentures issued as a result of the underwriters electing to exercise the over-allotment option in full. The offering closed on November 7, 2017 and was conducted by a syndicate of underwriters led by CIBC Capital Markets that included BMO Nesbitt Burns Inc., National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P., PI Financial Corp., Canaccord Genuity Corp., Haywood Securities Inc., Industrial Alliance Securities Inc., Beacon Securities Limited and Paradigm Capital Inc.

The Farris team was led by partner Bradley A. Newby and included associates Matthew Smith, Robert Veitch and Sean Galloway.

A copy of DIV’s press release announcing the November 7 closing of the bought deal can be found here.

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