Davies | TD Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc. and syndicate

| Home | Transactions and Cases | Transactions and Cases - 2004 | TD Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc. and syndicate

January 6, 2009

TD Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc. and syndicate

Practice Areas

Technology

Corporate Finance & Securities

Transaction summary

TD Securities Inc., BMO Nesbitt Burns Inc. and Desjardins Securities Inc. co-led the underwriting syndicate for the completion of a CDN$46 million initial public offering by 20-20 Technologies Inc. The IPO involved the underwriting of 6.154 million common shares at $6.50 per share, for gross proceeds of approx. CDN$40 million. Of these shares, 389,540 were being offered by a selling shareholder by way of a secondary offering at the same price of $6.50 per share. 20-20 closed the exercise of the over-allotment option granted to the underwriters in the amount of approx. CDN $6 million, bringing the total gross proceeds of the offering to approx. CDN$46 million.

2004