Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: ValuEngine, Inc.
$49.00
Provider: ValuEngine, Inc.
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Orbite Aluminae Inc Announces Filing of Final Short Form Prospectus


Tuesday, 16 Jul 2013 02:37pm EDT 

Orbite Aluminae Inc announced that it has filed a final short form prospectus (the Prospectus) with the securities regulatory authorities in each of the provinces of Canada, in connection with the best efforts marketed offering of class A shares and warrants of Orbite (the Offering). As a result of Prospectus filing, the Offering is expected to close on or about July 22, 2013, subject to regulatory approvals. The Corporation anticipates raising minimum gross proceeds of CAD35 Million and maximum gross proceeds of CAD50 Million, at a price of CAD0.70 per unit, each unit consisting of one class A share and one-half class A share purchase warrant, each whole warrant being exercisable at an exercise price of CAD1.00 for a period of 36 months following issuance (the Units). In addition, the Corporation has granted the Agents the option to purchase up to that number of additional Units as is equal to 15% of the number of Units issued under the Offering during the 30-day period immediately following the Closing Date. The Units will be offered in Canada by short form prospectus, and in other jurisdictions on a private placement basis, exempt from any prospectus, registration or other similar requirements. The net proceeds from the Offering will be used primarily to complete the Corporation's high-purity alumina plant located in Cap-Chat, Quebec, and for general corporate and working capital purposes. 

Company Quote

0.25
0.0050 +2.04%
3 Jul 2015