TORONTO-Clearnet Communications Inc. said it entered into an underwriting agreement with a syndicate led by RBC Dominion Securities Inc. for the sale of 2.5 million class A non-voting shares of the company at a price of $40 per share for aggregate gross proceeds of $100 million.
Clearnet said it also has granted the underwriters an option to purchase up to an additional 500,000 class A non-voting shares expiring Nov. 25. The offering is expected to close on or about Dec. 2.
