By Sheri Kasprzak
Atlanta, May 5 - Amica Mature Lifestyles Inc. has closed a private placement for C$11 million.
The company sold a total of 2.2 million shares at C$5.00 each, including 200,000 shares sold through an over-allotment option exercised by placement agents National Bank Financial and Canaccord Capital Corp.
The deal was first announced April 13 as a C$16.65 million offering comprised of 3 million shares at C$5.55 each. It was downsized on April 28.
Based in Vancouver, B.C., Amica designs, develops, markets and manages housing and services for the elderly. The proceeds will be used for new development projects with joint-venture partners, debt repayment and general corporate purposes.
| Issuer: | Amica Mature Lifestyles Inc.
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| Issue: | Stock
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| Amount: | C$11 million
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| Shares: | 2.2 million (includes greenshoe for 200,000 shares)
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| Price: | C$5.00
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| Warrants: | No
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| Placement agents: | National Bank Financial and Canaccord Capital Corp.
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| Pricing date: | April 13
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| Downsized: | April 28
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| Settlement date: | May 5
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| Stock price: | C$5.55 at close April 13
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| Stock price: | C$5.25 at close May 5
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