TORONTO, Sept. 24, 2019 /CNW/ - Trisura Group Ltd.
("Trisura" or "Trisura Group") (TSX: TSU), today announced that it
has completed its previously announced public offering of 1,743,400
common shares, including 227,400 common shares issued pursuant to
the full exercise of the underwriters' over-allotment option, at a
price of $26.40 per common share, for
gross proceeds of approximately $46
million. The public offering was completed on a bought deal
basis by a syndicate of underwriters led by Cormark Securities Inc.
and BMO Nesbitt Burns Inc.
Concurrent with the public offering, Trisura issued 378,788
common shares to its principal shareholder, Partners Value
Investments LP, and an aggregate of 75,751 common shares to certain
other investors on a private placement basis, for gross proceeds of
approximately $12 million.
In total, Trisura received gross proceeds of approximately
$58 million from the closing of the
public offering and the concurrent private
placement.
About Trisura Group
Trisura Group Ltd. is an
international specialty insurance holding company operating in the
surety, risk solutions, corporate insurance and reinsurance
segments of the market. Trisura has three principal regulated
subsidiaries: Trisura Guarantee Insurance Company in Canada, Trisura Specialty Insurance Company in
the U.S. and Trisura International Insurance Ltd. in Barbados. Trisura Group is listed on the
Toronto Stock Exchange under the symbol "TSU".
Further information is available at
http://www.trisura.com/group. Important information may be
disseminated exclusively via the website; investors should consult
the site to access this information. Details regarding the
operations of Trisura Group are also set forth in regulatory
filings. A copy of the filings may be obtained on Trisura Group's
SEDAR profile at www.sedar.com.
SOURCE Trisura Group Ltd.