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GuestLogix, Inc. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option for Gross Proceeds of $11.5 Million - GuestLogix, Inc. (“GuestLogix” or the
GuestLogix, Inc. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option for Gross Proceeds of $11.5 Million

 

PRZOOM - /newswire/ - Toronto, Ontario, Canada, 2013/12/04 - GuestLogix, Inc. (“GuestLogix” or the "Company") announced that it has closed the bought deal equity financing announced November 13 (the "Offering") - GuestLogix.com. TSX: GXI

   
 
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GuestLogix Inc., the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced that it has closed the bought deal equity financing announced November 13, 2013 (the "Offering"). GuestLogix issued 10,455, 800 common shares (the "Shares") at a price of $1.10 per Share (which includes 1,363, 800 Shares issued pursuant to the exercise in full of the over-allotment option) for gross proceeds of $11,501, 380.

The Offering was underwritten by National Bank Financial Inc. and Cormark Securities Inc.

GuestLogix intends to use the net proceeds from the Offering to repay indebtedness, for general corporate purposes and for working capital.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. All dollar figures are expressed in Canadian dollars.

About GuestLogix

GuestLogix, Inc. (guestlogix.com), the leading global provider of onboard store technology and merchandising solutions, brings over a decade of expertise as a trusted onboard transaction processing partner to airlines, rail operators and the passenger travel industry. GuestLogix helps its customers to create, manage, and control onboard retail environments tailored to their needs and their passengers for a truly personalized experience. The Company is partnered with global leaders in catering, duty-free and inflight entertainment, offering complete onboard retailing services to airlines and rail operators worldwide. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong.

© 2013 GuestLogix. All Rights Reserved.

Forward-Looking Statements
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate","believe","plan","estimate","expect","intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form filed on March 27, 2013 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

 
 
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GuestLogix, Inc. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option for Gross Proceeds of $11.5 Million

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GuestLogix, Inc. |
Contact: Dan Thompson - GuestLogix.com 
416-849-1566 dthompson[.]guestlogix.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GuestLogix, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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