ADENTRA Announces Closing of Bought Deal Offering of Common Shares

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LANGLEY, BC, June 12, 2024 /CNW/ - ADENTRA Inc. (TSX: ADEN) ("ADENTRA" or the "Company") is pleased to announce that it has closed its previously announced bought deal treasury offering (the "Offering") and concurrent closing of the exercise in full of the over-allotment option granted to a syndicate of underwriters, with National Bank Financial Inc. and Cormark Securities Inc. acting as co–bookrunners (collectively, the "Underwriters"). Pursuant to the Offering, the Company issued an aggregate 2,582,900 common shares (the "Shares") at a price of $38.75 (the "Offer Price") for gross proceeds of $100,087,375. The gross proceeds include 336,900 Shares issued at the same Offer Price for gross proceeds of $13,054,875 on the exercise in full of the over-allotment option granted to the Underwriters.