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Source Rock Royalties closes upsized initial public offering of C$13.8M

Date Closed

March 1, 2022

Lead Office



13.80 Million CAD

On March 1, 2022, Source Rock Royalties Ltd. announces that it has closed its initial public offering (the "Offering") of 15,334,100 units (each a "Unit" and collectively, the "Units") at a price of $0.90 per Unit (including 2,000,100 Units sold in connection with the full exercise of the over-allotment option), for aggregate gross proceeds of C$13,800,690, pursuant to a long form prospectus dated February 23, 2022.

The Offering was completed through a syndicate of underwriters co-led by PI Financial Corp. (as Sole Bookrunner) and Acumen Capital Finance Partners Limited, together with Haywood Securities Inc., Canaccord Genuity Corp. and ATB Capital Markets Inc.

PI Financial Corp. is a leading, independent investment dealer which provides a full range of investment products and services for individual, corporate and institutional investors.

McCarthy Tétrault LLP assisted PI Financial Corp. with a team led by Gord Cameron that included Farhiyah Shariff, Simran Choongh, Matthew Hooker and Karsten Carriere (Business).