Premier Royalty (NSR-T) arranges $30-million private placement
Dec 19, 2012 - News Release
Premier Royalty Inc. has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P., and including CIBC World Markets Inc., RBC Capital Markets, Canaccord Genuity Corp., Stonecap Securities Inc., National Bank Financial Inc. and Mackie Research Capital Corp., with PowerOne Capital Markets Ltd. acting as a selling group member, to purchase on a bought deal basis 15 million common shares of the company at a price of $2 per share, for gross proceeds of $30-million. The underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 2.25 million shares. In the event that the option is exercised in its entirety, the gross proceeds of the offering will be $34.5-million. |
