By Sheri Kasprzak
New York, March 22 - Kangaroo Media Inc. said it settled, with the fully exercised greenshoe, its previously announced private placement for C$20,001,950.
The company issued a total of 17,393,000 shares at C$1.15 each, including the over-allotment option for 2.61 million shares exercised by underwriters Desjardins Securities Inc. and Sprott Securities Inc.
Following the deal, Kangaroo has 102,113,163 outstanding shares.
The placement priced on March 3 as a C$17,000,450 offering.
Proceeds will be used for capital expenditures, licensing rights acquisitions and working capital.
Based in Montreal, Kangaroo develops multimedia sports content.
| Issuer: | Kangaroo Media Inc.
|
| Issue: | Stock
|
| Amount: | C$20,001,950
|
| Shares: | 17,393,000 (includes greenshoe for 2.61 million shares)
|
| Price: | C$1.15
|
| Warrants: | No
|
| Underwriters: | Desjardins Securities Inc., Sprott Securities Inc.
|
| Pricing date: | March 3
|
| Settlement date: | March 22
|
| Stock symbol: | TSX Venture: KTV
|
| Stock price: | C$1.37 at close March 3
|
| Stock price: | C$1.35 at close March 22
|
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