SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KC Jones who wrote (3914)10/1/2001 8:45:29 AM
From: Al Collard   of 11802
 
KC, news out on your pick BRK-t:

Bracknell clarifies equity offering transaction

Mon 1 Oct 2001

News Release

Mr. Bruce Steinke reports

At the request of the Toronto Stock Exchange, Bracknell has clarified its
previously announced proposed equity transaction with Ontario Teachers'
Pension Plan board.
The pricing of the proposed offering of common shares to Ontario Teachers'
was priced at $2 (U.S.) per share on Sept. 19, 2001, provided that this
price will be adjusted to equal the exercise price on any rights offering
to existing shareholders. The pricing of any rights offering will be
determined by the company's board of directors. Based on current market
prices, the equity offering would result in substantially less proceeds
than previously announced. The Ontario Teachers' commitment remains subject
to a number of conditions, including registration of the shares, regulatory
and other approvals, no material adverse changes, acceptable further
amendments to the company's bank credit facilities pertaining to
rescheduling of principal debt payments, and the conversion by the holder
of the company's Series D convertible preferred shares into common shares
of Bracknell and certain other agreements with the holder. No assurance can
be given as to successful completion of the proposed transactions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News