By Laura Lutz
Washington, Feb. 1 - Killam Properties Inc. settled a slightly downsized previously announced private placement of shares for C$40.368 million.
The company sold 17.4 million shares at C$2.32 each through a syndicate of underwriters led by RBC Capital Markets and Canaccord Adams.
The deal priced on Feb. 1 as a C$40.4 million offering of 17,413,793 shares.
Proceeds will be used to reduce the company's acquisition bridge facility, which was used to finance recent acquisitions, and to fund future growth.
Killam is a real estate company based in Halifax, N.S.
| Issuer: | Killam Properties Inc.
|
| Issue: | Common shares
|
| Amount: | C$40.368 million
|
| Shares: | 17.4 million
|
| Price: | C$2.32
|
| Warrants: | No
|
| Underwriters: | RBC Capital Markets, Canaccord Adams
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 16
|
| Stock symbol: | Toronto: KMP
|
| Stock price: | C$2.40 at close Feb. 1
|
| Stock price: | C$2.38 at close Feb. 15
|
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