Kingsway raises $102 million through share placement

Kingsway Financial Services Inc. (TSX: KFS) will issue about 6.1 million common shares to a group of underwriters led by Scotia Capital Inc. at a price of $16.70 a share, a company statement says. The underwriters also have the option to acquire a further 610,000 shares. The offering will close around July 3 of this year, the statement adds.