Eveready Income Fund intends to raise C$10 million in private placement of units

By Sheri Kasprzak

Atlanta, April 27 - Eveready Income Fund said it plans to raise C$10 million in a private placement.

The offering includes units sold at a price to be determined.

First Associates Investments Inc. is the placement agent in the offering.

The deal is expected to close at the end of May.

Based in Edmonton, Alta., Eveready provides industrial, environmental, oilfield and mechanical cleaning services. When the deal was announced April 26, the company's stock closed at $2.97.

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