Interesting tidbit from PLS site(Feb 2, 2006)Wasnt there a write up on PLS that mentioned they 'shopped' their IPO @ ?6.00? but no takers...(they did take the 'over alotment
option' @ 4.80).
https://www.polarmin.com/newsroom/newsrelease.php?pcid=566
February 2, 2006
POLARIS ANNOUNCES FINANCING PROGRESS
VANCOUVER, British Columbia - Polaris Minerals Corporation (TSX:PLS) is pleased to announce that notice was received from GMP Securities L.P, on January 31, 2006, that the syndicate of agents had elected to purchase one million common shares at $4.80 per share pursuant to the Over-Allotment Option granted to the agents in connection with Polaris' Initial Public Offering that closed on January 10, 2006. The purchase closed today and, as a result, Polaris has now sold a total of 16,628,185 common shares pursuant to that offering for gross proceeds of $79,815,288.
It wasnt the original 13.5 MM share IPO. Hmm...
And if it was shopped @ a higher price? but demand (bad market for aggregates at the time) wasnt there...
and now it is...
Palladn