By Devika Patel
Knoxville, Tenn., Aug. 13 - TransForce Inc. said it completed an C$8.33 private placement of shares with Jolina Capital Inc.
The company also completed a public offering of common shares for a total of about $41.18 million.
The private placement consisted of 1,423,840 shares sold to Jolina at C$5.85 apiece.
The company plans to use the combined proceeds from the placement and public offering to reduce debt and for general corporate purposes.
TransForce is a Saint-Laurent, Quebec-based transportation company.
| Issuer: | TransForce Inc.
|
| Issue: | Common shares
|
| Amount: | C$8,329,464
|
| Shares: | 1,423,840
|
| Price: | C$5.85
|
| Warrants: | No
|
| Investor: | Jolina Capital Inc.
|
| Settlement date: | Aug. 13
|
| Stock symbol: | Toronto: TFI
|
| Stock price: | C$22.28 at close Aug. 12
|
| Market capitalization: | C$526 million
|
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