Superior Plus Corp. (TSX: T.SPB, Stock Forum) briefly hit $12.12 on Friday before closing at $12.06, for an increase of 0.84%.
On March 27, Superior Plus announced the successful closing of the issue and sale of an aggregate of 12.96 million common shares in the capital of the corporation at a price of $11.10 per common share. The net proceeds for the issue are approximately $137 million.
Superior Plus has a portfolio of diversified businesses consisting of propane distribution, specialty chemicals, construction products distribution and fixed-price energy services.