By Laura Lutz
Des Moines, July 10 - Agtech Income Fund priced a private placement of units for C$14 million.
The company plans to sell 2,592,592 fund units at C$5.40 per unit.
Standard Securities Capital Corp. is the agent.
The placement is being conducted in connection with Agtech's planned acquisition of Saskcan Pulse Trading Inc. Proceeds will be used to repay existing debt of Saskcan after the acquisition and for the acquisition of a North Dakota processing plant.
Based in Toronto, Agtech sources, processes and sells specialty crops.
Issuer:
| Issue: | Fund units
|
| Amount: | C$14 million
|
| Units: | 2,592,592
|
| Price: | C$5.40
|
| Warrants: | No
|
| Agent: | Standard Securities Capital Corp.
|
| Pricing date: | July 10
|
| Stock symbol: | TSX Venture: AGT.UN
|
| Stock price: | C$6.50 at close July 9
|
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