By Devika Patel
Knoxville, Tenn., March 27 - Capital BLF Inc. said it will raise between C$2 million and C$7.5 million in a private placement of stock.
The company will sell between 6,666,667 and 25 million common shares at C$0.30 per share.
National Bank Financial Inc. will lead a syndicate of agents, which incudes Blackmont Capital Inc. and Laurentian Bank Securities Inc.
Settlement is expected March 31.
Proceeds will be used to identify and evaluate additional properties, to satisfy the purchase price for subsequent acquisitions, for working capital requirements and general corporate purposes.
Capital BLF is a Montreal-based capital pool company.
| Issuer: | Capital BLF Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million (minimum), C$7.5 million (maximum)
|
| Shares: | 6,666,667 (minimum), 25 million (maximum)
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | National Bank Financial Inc. (lead), Blackmont Capital Inc., Laurentian Bank Securities Inc.
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Stock symbol: | TSX Venture: BLF.P
|
| Stock price: | C$0.35 at close March 26
|
© 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.
