Key Developments For Ceco Environmental Corp.
Ceco Environmental Corp. (CECE.O) (Consolidated Issue listed on NASDAQ Global Market)
CECO Environmental Corp. Closes $10.8 Million Convertible Note Offering
CECO Environmental Corp. announced the closing of $10.8 million of 6% subordinated convertible promissory notes. The notes are due in November 2014 and bear interest of 6.0% per annum, payable quarterly at the end of each calendar quarter. The Notes are convertible at the holder's option at any time at a conversion price of $4.00 per common share. In addition, following three years from the date of the notes, the Company can convert the Notes if the Company's common shares close above $8.00 for five consecutive business days.
CECO Environmental Corp. Announces 15 New Orders Totaling Approximately $10.0 Million
CECO Environmental Corp. announced that it has secured 15 new contracts totaling approximately $10.0 million. These orders come from the power, chemical, steel, automotive, foundry, food, refining, and aluminum industries. They were secured by divisions of our contracting and equipment groups. One of the orders in the power industry was secured from a customer in Brazil
CECO Environmental Corp. Announces New Orders Totaling Approximately $4.4 Million
CECO Environmental Corp. announced that it has received new orders totaling approximately $4.4 million. These orders were secured by companies in its equipment and contracting groups. The largest purchase order came from the refining industry. Others came from the power, steel, glass, and pet food industries.
CECO Environmental Corp. Announces Two New Orders Totaling Approximately $1.9 Million
CECO Environmental Corp. announced that it has received two new orders totaling approximately $1.9 million. The orders were secured by companies in our equipment and contracting groups. The larger order is for equipment being supplied to an ethanol production facility in the Midwest. The other contract involves ventilation equipment for an automotive facility.
CECO Environmental Corp. Announces Two New Orders Totaling Approximately $2.9 Million
CECO Environmental Corp. announced that it has received two new orders totaling approximately $2.9 million. Both of these orders were secured by the companies in the Company's equipment group. One is for a customer in the refining industry. The other is for a customer producing renewable energy from biomass.
