Liquor Stores Income Fund plans C$25 million private placement

By Sheri Kasprzak

Atlanta, Feb. 16 - Liquor Stores Income Fund said it plans to raise C$25 million in a private placement.

The offering includes trust units, but other details of the offering could not be determined by press time Wednesday.

The deal is expected to close in early March.

The company plans to use the proceeds to fund the acquisition of 13 new liquor stores in Alberta and the development of two stores in British Columbia. The remainder of the funds will be used to repay debt and for general corporate purposes.

Based in Edmonton, Alta., Liquor Stores Income Fund is a liquor store operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.