Transactions

Overview

Wildpack Completes $42 Million Financing Transactions in connection with the Acquisition of Land and Sea Packaging

November 23, 2021

Wildpack Beverage Inc. (TSXV:CANS), a company engaged in beverage manufacturing and packaging, completed a public offering of 22,680,412 units (the “Units”) at a price of $0.97 per Unit for gross proceeds of $22 million (the “Public Offering”) and a concurrent private placement of 20,000 debenture units (the “Debenture Units”) at a price of $1,000 per Debenture Unit for gross proceeds of $20 million (the “Concurrent Private Placement”).

The Public Offering and Concurrent Private Placement were completed in connection with the strategic acquisition by Wildpack of KT Murray Corporation dba Land and Sea Packaging, an established high-volume aluminum can brokering business based in Grand Rapids, Michigan.

The Public Offering and Concurrent Private Placement were conducted by Stifel GMP, as sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters including Roth Canada, ULC, PI Financial Corp., and Leede Jones Gable Inc. (collectively, the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Public Offering and Concurrent Private Placement with a team that consisted of Peter Volk, Niall Sweeney, Nathan Holloway and Jeff Arnold (corporate/securities) and member of the tax group.