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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Plunkett Research, Ltd.

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Temple Hotels Inc Announces Private Placement Of Shares

Tuesday, 7 May 2013 05:00pm EDT 

Temple Hotels Inc announced that it has received subscriptions for a non-brokered private placement of 1,448,495 common shares in the capital of the Company with certain institutional investors at a price of $5.40 per Common Share for total gross proceeds of $7,821,873. Closing of the Private Placement is expected to occur on or about May 8, 2013 or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX. The Common Shares issued pursuant to the Private Placement will be subject to resale restrictions imposed by applicable securities laws and the policies of the Exchange. The Company intends to use the proceeds from the Private Placement for acquisitions and/or for general corporate purposes. 

Company Quote

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24 Dec 2014