World Kinect Corporation V.INT

Primary Symbol: WKC

Energy Oil & Gas Refining & Marketing

World Kinect Corporation is a global energy management company. The Company is engaged in offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. It also supplies natural gas and power in the United States and Europe along with a suite of other sustainability-related products and services. Its segments include Aviation, Land and Marine. Its Aviation segment provides aviation-related service offerings, which include fuel management, price risk management, ground handling, 24/7 global dispatch services, and trip planning services, including flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, and related products and services to commercial, industrial, residential and government customers, as well as retail petroleum operators. Its Marine segment markets fuel, lubricants, and related products and services to a base of marine customers.

NYSE:WKC - Post by User

World Kinect Corporation

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Post by theghost707on Nov 26, 2012 12:02pm

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Post# 20644014

wait

On October 26, 2012, the Company closed the first tranche of the Placement for 6,875,986 Units for aggregate gross proceeds of $1,375,197.20. Subsequently, the Company has received subscriptions for the second tranche in excess of $1,400,000, effectively oversubscribing the Placement. In order to accommodate this demand, the Company has increased the size of the Placement to up to $3,000,000 and expects to close the second tranche shortly.

The initial TSX Venture Exchange deadline for the placement was November 1, 2012; however, the TSX Venture Exchange has granted a 30 day extension to this deadline should the Company require additional time to close the next tranche of the Placement.