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Gold/Mining/Energy : PATHEON INC. (PTI - TORONTO)
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To: HarveyO who wrote (137)7/7/1999 12:02:00 PM
From: HarveyO  Read Replies (1) of 147
 
Patheon enters underwriting agreement for shares offering

Patheon Inc PTI
Shares issued 40,289,127 Jul 6 close $11.25
Wed 7 Jul 99 News Release
Mr. Richard Tedford reports
Patheon Inc. has entered into an underwriting agreement pursuant to which
RBC Dominion Securities Inc., CIBC World Markets Inc., and Canaccord
Capital Corp., have agreed to purchase 2,750,000 common shares of the
company at $11.00 per share. A final prospectus will be filed today in
connection with the offering. Proceeds of the offering will be used in part
to reduce Patheon's indebtedness under its revolving bank loan and the
remainder for capital expenditures, including in connection with new
long-term manufacturing outsourcing agreements. The offering is expected to
close on July 15, 1999.
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