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Altius Minerals confirms closing of $65 mln offering of common shares

Tuesday, 13 May 2014 08:27am EDT 

Altius Minerals Corp:Closes offering of 4,643,000 common shares at a price of $14.00 per share for gross proceeds of $65,002,000.Offering was undertaken by a syndicate of investment dealers co-led by Scotia Capital Inc. and Haywood Securities Inc., and included BMO Capital Markets, Sprott Private Wealth L.P., Raymond James Ltd. and Salman Partners Inc.Intends to use the net proceeds of the Offering to acquire OTPPB SCP Inc.'s 50 pct interest in Carbon Development Partnership, which is expected to close May 13, 2014, repay its $7.2 mln unsecured loan, repay $20 mln of borrowings under its credit facility, and for general corporate purposes. 

Company Quote

-0.5 -3.59%
11:05am EDT