ISG Capital intends to price C$10 million private placement of stock

Agents National Bank, TD, Dundee, Raymond James and Desjardins assist

By Devika Patel

Knoxville, Tenn., Nov. 20 - ISG Capital Corp. said it plans to conduct a C$10 million private placement of stock on a bought-deal basis with a syndicate of underwriters led by National Bank Financial Inc. and including TD Securities Inc., Dundee Securities Ltd., Raymond James Ltd. and Desjardins Securities Inc.

Settlement is expected Nov. 28.

Proceeds will be used for the acquisition of four retail properties from Calloway REIT and for general trust purposes.

Based in Toronto, ISG is a real estate acquisition and management company.

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