RE:RE:Final short form prospectus filedIMO, Simply that all the paperwork was submitted and approved by the securities regulators for the $6.50 offering announced last month. Keep in mind that it is a best efforts offering. It is supposed to close next week and I am interested to see if it is fully subscribed.
If I recall, At time of the announcement the SP was over $7.00 so it has peeled back quite a bit. I see this announcement as a positive, as I thought there was a good chance that it would get re-written at a lower offering price given that the share price has peeled back significantly.
Will be great if it gets oversubscribed, would be a real boost and would lift the market price as well.