OTCPK:TOUBF - Post by User
Post by
Marquis77on May 21, 2009 5:17pm
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Post# 16007511
What does this mean?
What does this mean?
What does this circus means?
TORONTO, May 21 /CNW/ - Sino-Forest Corporation (the "Corporation")(TSX:TRE) is pleased to announce that it has entered into an agreementwith Credit Suisse Securities (Canada) Inc. and Dundee SecuritiesCorporation, to include a syndicate of underwriters to be determined(collectively, the "Underwriters"), pursuant to which the Underwritershave agreed to purchase 26.5 million common shares of the Corporation(the "Shares") on a bought deal basis, at a price of Cdn.$11.00 perShare for aggregate gross proceeds of Cdn.$291.5 million. TheUnderwriters have been granted an over-allotment option, exercisableuntil 30 days after the closing of the offering, enabling them topurchase up to an additional 15% of the number of Shares sold pursuantto the offering at a price of Cdn.$11.00 per Share.