Resverlogix arranges $3.08-million bought deaResverlogix arranges $3.08-million bought deal
2004-12-16 15:38 ET - News Release
Mr. Donald McCaffrey reports
RESVERLOGIX CORP. ANNOUNCES $3.08 MILLION BOUGHT DEAL
Resverlogix Corp. has entered into an agreement with First Associates Investments Inc. (FAII under which the remaining 1,027,033 common shares available for purchase under Resverlogix's previously announced private placement offering of up to 3.67 million common shares will be offered at $3 per share (reflecting a continuation of the previously established offering price) by FAII and its syndicate, comprising Haywood Securities Inc., Loewen Ondaatje McCutcheon Ltd., Sprott Securities Inc. and Jennings Capital Inc., on a bought-deal basis. The initial 2,639,633 common shares were issued on Nov. 23, 2004. Previously the terms for the offering provided for a best-efforts basis offering and the syndicate has now been revised as reflected above.
The proposed private placement will be offered through the underwriters pursuant to applicable prospectus exemptions in Canada.
We seek Safe Harbor.