26 05 2016

VersaPay Corporation's $4.6 Million Shares Offering

assels Brock represented VersaPay on the deal


VersaPay Corporation (TSXV:VPY), commonly known as VersaPay, is a national Canadian payment processing and payment systems company with offices in Toronto, Montreal and New York. The company provides electronic transaction processing services to various sizes of businesses (public, private, and government) in both Canada and the United States of America. A total of 4,600,000 common shares were issued, for gross proceeds of $4.6 million by way of short form prospectus. VersaPay intends to use the net proceeds for working capital and general corporate purposes, including sales, marketing and research and development. The offering was led by Haywood Securities Inc., on behalf of a syndicate of underwriters including Cormark Securities Inc. and PI Financial Corp. Cassels Brock represented VersaPay, with a team comprised of Jake Bullen (Picture) and Jake Goldberg (Business), Jamie Litchen and Jonathan Sherman (Securities) and Jim Morand (Taxation). Involved fees earner: Jason Bullen - Cassels Brock & Blackwell LLP; Jake Goldberg - Cassels Brock & Blackwell LLP; Jamie Litchen - Cassels Brock & Blackwell LLP; Jonathan Sherman - Cassels Brock & Blackwell LLP; James Morand - Cassels Brock & Blackwell LLP;

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