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Private Placement

We acted for Sustainable Urban Produce Delivery Inc. (“SPUD”) in connection with a private placement, which completed in April of 2015. SPUD is a growing private company that provides online grocery shopping for home delivery of fresh produce and local organic foods delivery in Metro Vancouver, Vancouver Island, Calgary and Edmonton. A portion of the private placement was completed on a non-brokered basis, while Cormark Securities Inc. and Richardson GMP Ltd. acted as agents in connection with the larger, brokered portion of the private placement. As a result of the private placement, SPUD raised approximately $9 million through an issuance of common shares to various Canadian and US based investors.