/NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
MISSISSAUGA, ON, Feb. 5, 2021 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) is pleased to announce the successful closing of the issue and sale of an additional 71,500 common voting shares (“Common Voting Shares”) and/or variable voting shares (“Variable Voting Shares” and, together with the Common Voting Shares, the “Shares”) of Cargojet at a price of C$213.25 per Share (the “Offering Price”) for aggregate gross proceeds to Cargojet of C$15,247,375 pursuant to the partial exercise of the over-allotment option granted to the syndicate of underwriters, co-led by Scotiabank, CIBC Capital Markets, RBC Capital Markets, J.P. Morgan Securities Canada Inc., Morgan Stanley Canada Limited and BMO Capital Markets, in connection with the Corporation’s recently completed $350 million bought deal equity offering (the “Offering”).
Together with the Shares issued on February 1, 2021, Cargojet will have issued a total of 1,713,500 Shares pursuant to the Offering for aggregate gross proceeds to Cargojet of C$365,403,875.
The Offering was made pursuant to a final short form prospectus dated January 25, 2021 (the “Prospectus”), and the Shares are traded on the Toronto Stock Exchange under the symbol “CJT”.
As further described in the Prospectus, the Company intends to apply the net proceeds of the Offering to purchase freighter aircraft, expand domestic capacities and facilities, pursue U.S. and international growth strategy and repay indebtedness.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities issued pursuant to the Offering have not been, and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or under any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.