December 28, 2017

Mogo Finance Technology Closes $26.25 Million Bought Deal Offering of Common Shares

Goodmans LLP represented the underwriters in connection with the $26.25 million bought deal offering of 3,750,000 common shares of Mogo Finance Technology Inc. The underwriters were co-led by Cormark Securities Inc. and Canaccord Genuity Corp., and included BMO Nesbitt Burns Inc., Eight Capital and Mackie Research Capital Corporation.

The underwriters have the option, exercisable in whole or in part to purchase up to an additional 562,500 common shares of the Company on the same terms as the offering. If the option is exercised in its entirety, the aggregate gross proceeds of the offering will be $30,187,500. Net proceeds from the offering will be used to fund the enhancement of the Company's existing digital platform and products, the research and development of new products and for working capital and other general corporate purposes.

Mogo Finance Technology Inc. is a financial technology company providing products designed to help consumers get in control of their financial health.

"The team is very professional, solves problems efficiently and is very hard-working. It is a great pleasure and privilege to work with the team on cross-border transactions and multi-jurisdictional projects." — Legal 500 Canada
It is one of our trusted and preferred legal firms when we go to select specific counsel. It is a leader in capital markets, and we trust the group's view and know that it works well. — Chambers Canada
A prominent player in REITs and SPAC-related offerings, also bearing an impressive record in cross-border and cannabis-related matters. — The Legal 500 Canada
Clients note, "They have an exceptional ability to understand the root of the issue and figure out realistic, step-by-step approaches to solve problems." — Chambers Canada
A distinguished practice valued for advising major REITs and financial institutions on innovative capital markets transactions. — Chambers Canada
On the Capital Markets group, one client says, "deep strength and expertise at all levels...nothing can replace stability and the fact that I have worked with Goodmans on both sides of the table since the early 2000’s." — Legal 500 Canada
One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
Clients comment Goodmans Capital Markets team has "Deep experience, based upon decades of leadership in the sector." — IFLR1000
A client notes, "The lawyers that I have worked with at Goodmans are extremely professional, knowledgeable, creative and excellent service providers. The matters that we have worked on were extremely complicated and required high level of ability to combine understanding of our business objectives with legal analysis." — IFLR1000
Clients note the team's "institutional knowledge is very deep" and stated: "It's like they're part of the team they work with. They're extremely responsive." — Chambers Global

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Mogo Finance Technology Closes $26.25 Million Bought Deal Offering of Common Shares

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Mogo Finance Technology Closes $26.25 Million Bought Deal Offering of Common Shares

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