TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (" ECN Capital ") today announced that, further to its previously announced closing of the offering (the " Offering ") of C$75 million aggregate principal amount of convertible senior unsecured debentures due April 30, 2030 (the " Debentures "), the syndicate of underwriters co-led by CIBC Capital Markets, National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets, and including Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp. and Cormark Securities Inc. have exercised their over-allotment option (the " Over-Allotment Option ") in part and have purchased an additional C$8 million aggregate principal amount of Debentures on the same terms and conditions as the Offering. The additional gross proceeds of C$8 million from the exercise of the Over-Allotment Option brings the total gross proceeds raised from the Offering to C$83 million.