TSX:PRV.DB - Post by User
Post by
IntelInvestoron Jun 10, 2015 11:11am
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Post# 23815650
New Unit Offering
New Unit Offering
I went to the unit holders meeting yesterday and was very pleased to find out that the new offering of 7,625,000 units at $2.30 was closed yesterday. The buyers of these units include TD Securities, Scotia Capital, BMO Nesbitt Burns and National Bank Financial. The units were purchased on a bought deal basis. Therefore, it is reasonable to assume that the above institutional investors negotiated a significant discount from what they consider the units to be worth. It would be very interesting to know how much they think the units are worth. Any ideas?