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Canadian Western Bank establishes new at-the-market equity program to issue up to C$150M in common shares

Date Closed

June 1, 2022

Lead Office



150.00 Million CAD

On June 1, 2022, Canadian Western Bank ("CWB") established a new at-the-market equity program (the “ATM Program”) through which it can issue up to C$150 million worth of common shares from treasury to the public through the Toronto Stock Exchange or any other marketplace on which the common shares of CWB are listed, quoted or otherwise traded. The ATM Program will be effective until July 1, 2024, unless terminated prior to such date in accordance with its terms. National Bank Financial Inc. and BMO Nesbitt Burns Inc. acted as agents in this transaction.

CWB, based in Edmonton, provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services.

McCarthy Tétrault advised National Bank Financial Inc. and BMO Nesbitt Burns Inc. with team led by Andrew Parker that included Suzie Cusson and Daanish Pasricha (Business) and Gabrielle Richards (Tax).