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Atlas Engineered Products debuts on TSXV following reverse takeover, C$4.25mln capital raise

“We are very proud of this significant milestone," said Atlas's president Guy Champagne.
Atlas Engineered Products debuts on TSXV following  reverse takeover, C$4.25mln capital raise
The firm is a leading suppier of trusses and engineered wood products

Wood product firm Atlas Engineered Products Ltd (CVE:AEP) is to start life on Toronto's venture exchange today (Thursday), following a reverse takeover deal.

At the same time, it has completed a private pacing raising gross proceeds of $4,254,400 after issuing over 10.5mln shares at 40 cents each.

The firm's shares begin trading under the symbol AEP.

“We are very proud of this significant milestone," said Atlas's president Guy Champagne.

"The Atlas RTO and related financing marks the first step in our acquisition and consolidation strategy to create Canada’s largest network of truss and engineered wood products manufacturing and distribution facilities.”

Atlas, formed almost 20 years ago, is one of British Columbia’s leading suppliers of trusses and engineered wood products.

It has manufacturing and distribution facilities in Nanaimo to serve residential and commercial builders.

The company aims to expand and grow its base of business across Canada by pursuing an aggressive acquisition and consolidation strategy.

View full AEP profile View Profile

Atlas Engineered Products Timeline

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