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Overview

CanWel Building Materials Completes $57 Million Bought Deal Private Placement

September 26, 2017

CanWel Building Materials Group Ltd. (TSX: CWX) (the “Company”), Canada’s only fully integrated national distributor in the building materials and related products sector, completed a bought deal private placement of a total of 9,832,500 subscription receipts at a price of $5.85 per subscription receipt for gross proceeds of $57.52 million. The Company intends to use the net proceeds of the Private Placement to partially finance its acquisition of the Honsador Building Products group of companies (the “Transaction”). Each Subscription Receipt will entitle the holder to receive one common share of the Company upon satisfaction of conditions precedent to the closing of the Transaction. The Private Placement was completed with a syndicate of underwriters led by GMP Securities L.P. and including National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., Cormark Securities Inc. and Haywood Securities Inc.

Wildeboer Dellelce acted for the Underwriters in connection with the Offering with a team that included Jeff Hergott, Troy Pocaluyko, Michael Rennie and Joel Fraser (corporate/securities) and Katy Pitch (tax).