By Devika Patel
Knoxville, Tenn., June 19 - Yalian Steel Corp. said it completed an C$8.5 million private placement of stock.
The company sold 5 million common shares at C$1.70 apiece.
GMP Securities LP was the underwriter.
Yalian Steel is a Vancouver, B.C.-based capital pool company.
| Issuer: | Yalian Steel Corp.
|
| Issue: | Common shares
|
| Amount: | C$8.5 million
|
| Shares: | 5 million
|
| Price: | C$1.70
|
| Warrants: | No
|
| Underwriter: | GMP Securities LP
|
| Settlement date: | June 19
|
| Stock symbol: | TSX Venture: YL
|
| Stock price: | C$1.95 at close June 18
|
| Market capitalization: | C$89.4 million
|
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