Loop Energy Inc. Files Preliminary Prospectus for Initial Public Offering

VANCOUVER, BC, Feb. 8, 2021 /CNW/ – Loop Energy Inc. (“Loop” or the “Company”) announced today that it has filed, and obtained a receipt for, a preliminary long-form prospectus for the proposed initial public offering of common shares of the Company (the “Offering”) with the securities regulatory authorities in each of the provinces in Canada. The gross proceeds of the Offering are expected to be $100 million.

National Bank Financial Inc. is acting as lead underwriter and sole bookrunner, with a syndicate of underwriters comprised of CIBC World Markets Inc., Raymond James Ltd., Canaccord Genuity Corp. and Cormark Securities Inc.

Fasken Martineau DuMoulin LLP is acting as legal counsel to the Company, KPMG LLP are the auditors for the Company, and Goodmans LLP is acting as legal counsel to the underwriters.

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