RE:RE:RE:RE:Worst is overitsalie wrote:
at the risk of being mocked.. I still don't know what happened to the refinancing at 5.60 or how the stock price never hit that level.. has it not gone thru yet?
The CUS press release indicates February 5th is the expected closing date of the equity raise.
PRESS RELEASE
Not for distribution to U.S. news wire services or dissemination in the United States.
CANEXUS CORPORATION ANNOUNCES C$100 MILLION BOUGHT DEAL FINANCING
Calgary, Alberta (January 16, 2014) – Canexus Corporation ("Canexus", or the "Corporation") has announced today that it has entered into an agreement with a syndicate of underwriters co-led by National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and BMO Nesbitt Burns Inc. under which the underwriters have agreed to buy on a bought deal basis 17,860,000 common shares (the "Common Shares") at a price of $5.60 per Common Share (the "Offering Price") for gross proceeds of $100,016,000 (the "Offering"). Canexus has granted the Underwriters an option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about February 5, 2014 and is subject to Canexus receiving all necessary regulatory approvals.