By Sheri Kasprzak
Atlanta, Dec. 14 - Ceramic Protection Corp. said Tuesday it has increased the size of the C$15,000,040 private placement it announced late Monday to C$17,250,200.
The company will offer 784,100 shares at $22 each.
Late Monday, the company announced its plans to sell 681,820 shares at $22 each.
The deal is being offered through an underwriting syndicate led by Clarus Securities Inc. and including Paradigm Capital Inc. and Acumen Capital Finance Partners Ltd. The offering is scheduled to close Dec. 23.
Ceramic Protection, which is based in Calgary, Alta., manufactures and distributes materials for the industrial wear management and ballistic protection marketplace. The company plans to use the proceeds from the deal for general corporate purposes.
| Issuer: | Ceramic Protection Corp.
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| Issue: | Stock
|
| Amount: | C$17,250,200
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| Shares: | 784,100
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| Price: | C$22.00
|
| Warrants: | No
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| Underwriters: | Clarus Securities Inc. (lead), Paradigm Capital Inc., Acumen Capital Finance Partners Ltd.
|
| Pricing date: | Dec. 13
|
| Upsized: | Dec. 14
|
| Settlement date: | Dec. 23
|
| Stock price: | C$23.50 at close Dec. 13
|
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