By Laura Lutz
Des Moines, June 7 - Cervus LP arranged a private placement of limited partnership units for up to C$5,000,008.
The company intends to sell up to 384,616 limited partnership units at C$13 each.
For each limited partnership unit, the investors will also receive one half-share warrant with each warrant exercisable at C$14 until June 30, 2009.
The placement will be non-brokered.
Settlement is expected on June 22.
Proceeds will be used for capital expenditures, business acquisitions and general corporate purposes.
Based in Red Deer, Alta., Cervus manages equipment dealerships in Western Canada.
| Issuer: | Cervus LP
|
| Issue: | Limited partnership units
|
| Amount: | C$5,000,008
|
| Units: | 384,616
|
| Price: | C$13.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 30, 2009
|
| Warrant strike price: | C$14.00
|
| Agent: | Non-brokered
|
| Pricing date: | June 7
|
| Settlement date: | June 22
|
| Stock symbol: | TSX Venture: CVL.UN
|
| Stock price: | C$13.50 at close June 7
|
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