By Sheri Kasprzak
New York, July 15 - Steeplejack Industrial Group Inc. said it plans to raise C$11.7 million in a private placement of stock.
The company plans to sell 2 million shares at C$5.85 each.
Raymond James Ltd. leads a syndicate of underwriters for the offering, which is scheduled to close on Aug. 4.
Based in Edmonton, Alta., Steeplejack provides workers and equipment for scaffolding and insulation projects in western Canada.
| Issuer: | Steeplejack Industrial Group Inc.
|
| Issue: | Stock
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| Amount: | C$11.7 million
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| Shares: | 2 million
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| Price: | C$5.85
|
| Warrants: | No
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| Underwriters: | Raymond James Ltd. (lead)
|
| Pricing date: | July 14
|
| Settlement date: | Aug. 4
|
| Stock price: | C$6.34 at close July 14
|
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