Radio / Television News

Stingray raises $40 million


MONTREAL – Stingray is selling 4,348,000 subordinate voting shares worth $40 million to a syndicate of underwriters co-led by National Bank Financial Inc. and GMP Securities L.P.The shares will be offered in all provinces and territories of Canada pursuant to a short form prospectus to be filed by Stingray, as well as in the United States under applicable registration statement exemptions and such other jurisdictions as may be agreed to by Stingray on a private placement basis.The company has granted the Underwriters an over-allotment option to purchase up to that number of additional shares equal to 15% of the shares...