February 28, 2018 / 9:22 PM / 8 months ago

BRIEF-ECN Capital Intends To Make Issuer Bid For Up To C$115 Mln Of Its Common Shares

Feb 28 (Reuters) - ECN Capital Corp:

* ECN CAPITAL ANNOUNCES INTENTION TO MAKE A SUBSTANTIAL ISSUER BID FOR UP TO C$115 MILLION OF ITS COMMON SHARES

* ECN CAPITAL - ‍PROPOSED BID WILL PROCEED BY WAY OF A MODIFIED-DUTCH AUCTION​

* ECN CAPITAL - ‍PROPOSED BID WILL PROCEED WITHIN PRICE RANGE OF NOT LESS THAN $3.49 PER SHARE AND NOT MORE THAN $3.90 PER SHARE​

* ECN CAPITAL CORP - ‍INTEND TO FUND PROPOSED BID WITH A COMBINATION OF CASH DRAWN ON COMPANY’S EXISTING CREDIT FACILITY AND AVAILABLE CASH ON HAND​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below