TSXV:LSI - Post Discussion
Lonestar West Inc.
> Growth Push Is On As Lonestar West Secures $10.1 Million “Bought Deal”
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HGBlog on Jul 19, 2013 1:15pm
Growth Push Is On As Lonestar West Secures $10.1 Million “Bought Deal”
A “Bought Deal” is Nirvana for a company, as it is quick money in the bank. Contrary to a regular financing that is marketed by investment firms to “the public” with no guarantee of completion, a bought deal means the investment firm(s) take on the risk, which they wouldn’t do if there wasn’t great comfort that the issue had essentially been placed with interested parties.
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