By Devika Patel
Knoxville, Tenn., Jan. 13 - Vesta Capital Corp. said it plans a private placement of stock to raise between C$4 million and C$9 million.
The company will sell between 20 million and 45 million common shares at C$0.20 apiece.
The deal will be conducted by a syndicate of agents led by Fraser Mackenzie Ltd. and including Hampton Securities Ltd. and Salman Partners Inc.
Vesta is a Toronto-based capital pool company.
| Issuer: | Vesta Capital Corp.
|
| Issue: | Common shares
|
| Amount: | C$4 million (minimum), C$9 million (maximum)
|
| Shares: | 20 million (minimum), 45 million (maximum)
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agents: | Fraser Mackenzie Ltd. (lead), Hampton Securities Ltd. and Salman Partners Inc.
|
| Pricing date: | Jan. 13
|
| Stock symbol: | TSX Venture: VES.P
|
| Stock price: | C$0.25 at close Jan. 13
|
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