Organization: Sprott Securities

Westport raises $16.6 million to fund R&D

Westport Innovations Inc has added $16.6 million to its R&D war chest via a bought deal financing agreement with several investment brokers led by Raymond James Ltd. The syndicate also includes National Bank Financial Inc, TD Securities Inc, Canaccord Capital Corp and Sprott Securities. The investors also have the option on more shares – valued…