Export Development Canada (EDC) today announced it has sold 1,000,000 common shares of Copperleaf Technologies Inc. by way of trades on the Toronto Stock Exchange and other alternative trading systems in Canada at an average price of approximately $6.45, for aggregate gross proceeds of approximately CAD $6M.
Following the foregoing transactions, EDC will hold 6,657,848 common shares of Copperleaf, representing 9.7% of the issued and outstanding common shares.
EDC became a shareholder due to an early private equity investment in the company through EDC’s investments program, designed to support and develop Canadian exporters.
EDC remains a significant shareholder of Copperleaf and is supportive of the company’s management team and the strategic direction. EDC may still undertake future purchases or sales of securities in Copperleaf, subject to market conditions, portfolio considerations and other factors.
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians.
For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.