Kingsway nets $101 million from offering

Kingsway Financial Services (TSX, NYSE: KFS) has completed its previously announced public offering of 6.1 million common shares at $16.70 per share for gross proceeds of $101.87 million.
The offering was made on a “bought deal” basis to a syndicate of underwriters led by Scotia Capital Inc.
Underwriting the offering were Scotia Capital Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Sprott Securities Inc., Desjardins Securities Inc., Griffiths McBurney & Partners and HSBC Securities (Canada) Inc.
“The net proceeds from this offering will be used for general corporate purposes,” the company reports.