VFF - VFF Stock Climbs on $28 Million USD Bought Deal

VFF stock is up 5% on Tuesday after Village Farms International (TSX:VFF) (NASDAQ:VFF) announced the completion of a bought deal offering worth over $28 million USD.

The bought deal was conducted by a syndicate of underwriters co-led by Beacon Securities Limited and GMP Securities LP, which together purchased 3,059,000 VFF shares at a price of $9.40 CAD per share, a 30% premium of its opening price. The company has said it intends to use the net proceeds of the deal to fund working capital projects and general corporate ...