By Laura Lutz
Des Moines, March 3 - Urbanfund Corp. said it sold 28,804,000 shares in its C$8.64 million private placement of common shares.
The shares were priced at C$0.30.
Blackmont Capital Inc. led a syndicate of agents that also included M Partners Inc. and Dundee Securities Corp. The agents were paid a 7% cash commission.
The deal priced for C$10 million on Jan. 16. It closed on Feb. 15.
Proceeds will be used to acquire North Fort Centre in Belleville, Ont., and Wonderland Plaza in London, Ont., and for working capital and general corporate purposes.
Urbanfund is a Toronto-based real estate development and operating company.
| Issuer: | Urbanfund Corp.
|
| Issue: | Common shares
|
| Amount: | C$8.64 million
|
| Shares: | 28,804,000
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agents: | Blackmont Capital Inc. (lead), M Partners Inc., Dundee Securities Corp.
|
| Fees: | 7%
|
| Pricing date: | Jan. 16
|
| Settlement date: | Feb. 15
|
| Stock symbol: | TSX Venture: UFC
|
| Stock price: | C$0.255 at close Jan. 15
|
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