NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- TerraVest Industries Inc. (TSX:TVK) ("TerraVest" or the "Company") is pleased to announce that it has closed its previously announced upsized bought deal treasury offering (the "Offering") and concurrent closing of the exercise in full of the over-allotment option granted to a syndicate of underwriters co-led by National Bank Financial Inc., Canaccord Genuity Corporation, and Desjardins Capital Markets (the "Underwriters"). Pursuant to the Offering, the Company issued an aggregate 1,300,000 common shares (the "Shares") at a price of $74.25 per Share (the "Offer Price") for gross proceeds of $96,525,000. The gross proceeds include 166,000 Shares issued at the same Offer Price for gross proceeds of $12,325,500 on the exercise in full of the over-allotment option granted to the Underwriters. The net proceeds from the Offering will be initially allocated towards repaying existing debt and supporting general corporate activities, until required for future acquisitions or growth opportunities. ABOUT TERRAVEST INDUSTRIES INC.: TerraVest is a diversified industrial company that manufactures and sells goods and services to a variety ...