Key Developments: 5N Plus Inc (VNP.TO)

VNP.TO on Toronto Stock Exchange

2.45CAD
24 Dec 2014
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$0.04 (+1.66%)
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Latest Key Developments (Source: Significant Developments)

5N Plus Inc closes over-allotment option for $6 mln of convertible unsecured subordinated debentures
Thursday, 26 Jun 2014 08:11am EDT 

5N Plus Inc:Closes offering of $60 mln of convertible unsecured subordinated debentures.Underwriters have purchased an additional $6 mln aggregate principal amount of debentures at price of $1,000 per debenture upon the exercise of their over-allotment option.For the short term, 5N Plus will use the net proceeds of the offering to reduce indebtedness under its senior revolving credit facility.Debentures bear interest at rate of 5.75 pct per annum, payable semi-annually on June 30 and Dec. 31 each year, commencing on Dec. 31.Debentures are convertible at the holder's option into 5N Plus common shares at a conversion price of $6.75 per share, representing a conversion rate of 148.1481 5N Plus shares per $1,000 principal amount of Debentures.Debentures will mature on June. 30, 2019 and may be redeemed by 5N Plus, in certain circumstances, after June. 30, 2017.  Full Article

5N Plus Inc completes $60 mln bought-deal offering of convertible unsecured subordinated debentures
Wednesday, 18 Jun 2014 07:58am EDT 

5N Plus Inc:Completes bought-deal offering of convertible unsecured subordinated debentures in aggregate principal amount of $60 mln.Debentures were offered at price of $1,000 per debenture in each of the provinces of Canada.5N Plus will use the net proceeds of offering to reduce indebtedness under its senior revolving credit facility.  Full Article

5N Plus Inc announces $60 mln bought-deal offering of convertible unsecured subordinated debentures
Wednesday, 28 May 2014 03:37pm EDT 

5N Plus Inc:Entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc.Pursuant to which the underwriters have agreed to purchase, on a bought-deal basis, convertible unsecured subordinated debentures of 5N Plus in an aggregate principal amount of $60 million.Debentures will be offered at a price of $1,000 per debenture by way of short form prospectus in each of the provinces of Canada, as well as in the United States under applicable registration statement exemptions.Says it will use net proceeds of the offering to reduce indebtedness under its senior revolving credit facility and for general corporate purposes.  Full Article

5N Plus Inc announces appoints Chairman and new auditors
Thursday, 8 May 2014 08:23am EDT 

5N Plus Inc:Approved appointment of PricewaterhouseCoopers LLP as auditors of company.Appointed Jean-Marie Bourassa as Chairman of Board of Directors in place of Wood.  Full Article

5N Plus Inc completes acquisition of AM&M Advanced Machine and Materials Inc
Monday, 5 May 2014 08:00am EDT 

5N Plus Inc:Completed acquisition of all issued and outstanding shares in capital of AM&M Advanced Machine and Materials Inc.Terms were not disclosed.  Full Article

5N Plus Inc acquires 100pct interest in Sylarus subsidiary and changes name
Thursday, 3 Apr 2014 07:30am EDT 

5N Plus Inc:Acquires the remaining 33.33pct ownership interest in its subsidiary Sylarus Technologies, LLC, located in St. George, Utah.Changes name to 5N Plus Semiconductors LLC.  Full Article

5N Plus Inc appoints richard perron as chief financial officer
Wednesday, 26 Feb 2014 07:00am EST 

5N Plus Inc:Says that Richard Perron has been appointed Chief Financial Officer of the company, effective March 17, 2014.Perron succeeds David Langlois, who will be leaving 5N Plus to pursue other interests.  Full Article

5N Plus Inc To Acquire Manufacturer Of Metallic Powders
Tuesday, 9 Jul 2013 07:30am EDT 

5N Plus Inc announced that it has signed an exclusive option to acquire all of the issued and outstanding shares in the capital of AM&M Advanced Machine and Materials Inc. (AM&M). AM&M is a Kanata, Ontario based corporation specialized in the manufacturing of micron size metallic powders which can be used in a variety of electronic markets, including solder powders for increasingly demanding applications, silver-based powders for high thermal conductivity interfaces, and CIGS powders for thin film solar panels. 5N Plus will immediately start the promotion and distribution of AM&M's products via its global sales force. Closing of the transaction is subject to due diligence and other standard conditions customary to a transaction of this nature. Financial terms of the transaction was not disclosed.  Full Article

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